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Hoisi Girl
Level 1

2022 Quickbooks Mac Desktop Question - Update Existing Companies Tax Form

I am a brand new user to 2022 Quickbooks Mac Desktop Question - I created a company already and need to update the existing Companies Tax Form. This is a question asked in the initial setup of a new company, as to which tax form will be used (1040, etc), I need to change this after setting up the company. I found online in older versions this is possible but can't find anything for current versions. Is this possible and if so, can someone please share how to do this within 2022 Quickbooks Mac Desktop version? Thank you!

1 Comment 1
ChristieAnn
QuickBooks Team

2022 Quickbooks Mac Desktop Question - Update Existing Companies Tax Form

Hi there, Hoisi Girl.

 

It's nice to see you here in the QuickBooks Community. I'll be providing steps to ensure you can update the existing Companies Tax Form within the 2022 QuickBooks Mac.

 

To update the existing Companies Tax Form, I recommend going to the Preferences section. From there, you can set basic and important details about your company such as your company’s name and when your fiscal year starts.

 

Here's how:

 

1 Choose QuickBooks. Then, select Preferences

2 Click My Company section.

 3. Set the preferences in the Reporting Info. You can also update other info like Company NameAddressCountryFederal IDPhone NumberFax Number, WebsiteEmail address.

 

Then, when you update the tax form, QuickBooks resets all of the associations between accounts and tax lines to Unassigned. You’ll have to re-associate your accounts with tax lines for the new tax form you’ve chosen. To do this, choose the first month of your company’s tax year. QuickBooks uses your tax year to create income tax summary and detailed reports. Then, select the first month of your company’s fiscal year and choose which income tax form you use.

 

Additionally, I suggest consulting an accountant while choosing the right tax form. They can provide suggestions on how to properly handle tax details to ensure your records are in shipshape.

 

Lastly, you may refer to this article to view different features included in the QuickBooks Desktop 2022 release and how you can use them to benefit your business: What’s new in QuickBooks Desktop 2022.

 

I'll be right here to help you out if you have any other questions or concerns about the tax form in QBDT. Have a lovely day!

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