What report will include info on FICA Tip Credit to fill out IRS form 8846?

Hello there, catsmith2019. I'm here to share some insights and help you run a report for your federal form in QuickBooks Online.

The IRS Form 8846 is used by certain food and beverage business to claim credit for social security and Medicare taxes paid or incurred by the employer on certain employees' tips.  However, only QuickBooks Desktop Payroll currently offers the 8846 Worksheet. 

The Payroll Summary and Payroll Tax and Wage Summary reports in QuickBooks Online are two examples of payroll reports that we can use to get the info you need. Let me show you how to pull these payroll reports.

Here's how:

1. Go to Reports menu.
2. Search and select Payroll Summary, or Payroll Tax and Wage Summary report.
3. Filter your report by employee, date range, and work location, then select Run report.

I'm adding this link for more details about the different payroll reports in QuickBooks Online Payroll.

You can also check out this article to learn how you can personalize your payroll report: Customize reports in QuickBooks Online.

Leave us a comment if you still need help or if you have other questions about payroll reports in QuickBooks Online. We're always here to help. Have a wonderful day!

Why does this report include wages of employees exempt from FICA tax (foreign workers)?  Is there a way to run the report to remove them or must this be done manually?

Let me share some details about the payroll reports in QuickBooks Online (QBO), JSeelig.

The Payroll Tax and Wage Summary report offers an overview of payroll details for a specific period. It covers employee wages, tax withholdings, and employer contributions, aiding businesses' inaccurate expense, tax, and contribution management.

Additionally, this aids in tax return preparation and compliance. It breaks down elements like gross and net wages, tax withholdings, Social Security, Medicare, and other relevant deductions. It's essential for efficient payroll data review and reconciliation by business owners, accountants, and payroll administrators.

With that, the option to directly remove employee wages is not accessible. Nevertheless, we can export the data to Excel and undertake the removal process manually.

Here's how:

1. Go to the Reports menu.
2. In the search bar, type Payroll Tax and Wage Summary or Payroll Summary.
   
3. Click the Export drop-down arrow, and choose Excel.
   

You can check this article to learn more about running payroll reports in QBO.

Let me know if you need more help with payroll reports. I'm always around to help. Take care.

I am referring to the QB Desktop form that is generated.  If employers have foreign workers exempt from FICA taxes, this report QB generates is overstated by the foreign workers. If employers just base the credit on the amount in the report they could be vastly overstating the credit they are eligible for.  I was able to export the Desktop generated report to Excel and then review all 150+ employees and delete the foreign staff to get to the correct amounts.  I am surprised that the report isn't programmed to exclude employees that don't have FICA tax.