advanced earned income credit

Hey there, Paul R. Allow me to help and get you pointed in the right direction who can help you with applying the advanced earned income credit option in QuickBooks Desktop.

You can go through the following article for your reference: Learn about Earned Income Tax Credit reporting requirements. On the same link, you'll find resources from the IRS. If your state is not on the list, I'd suggest getting in touch with their agency.

For your payroll reference, check out this article: Payroll 101. It contains more information about the different types of compensation as well as on what are the types of federal forms you need to file. Also, this will provide you a sample breakdown of a paycheck.

I'm just a few clicks away if there's anything else you need or if you have any other QuickBooks concerns. I need to make sure I've got you covered. Have a good one.

Hi, Paul R.

Hope you're doing great. I wanted to see how everything is going about the advanced earned income credit option you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.

Looking forward to your reply. Have a pleasant day ahead!

That would be a very helpful answer if those links were still viable.  Especially since it seems you are the ONLY person who knows how the advanced EIC credit is handled in QB.  Same for the Child Care credit, which is not even a payroll item.  Could you point me somewhere to find the answers to my queries because no matter how I word the search query, the only article is yours.

Thank you for your help,

JJ

[email address removed]

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@Rose-A wrote:

Hi, Paul R.

 

Hope you're doing great. I wanted to see how everything is going about the advanced earned income credit option you had yesterday. Was it resolved? Do you need any additional help or clarification? If you do, just let me know. I'd be happy to help you at anytime.

 

Looking forward to your reply. Have a pleasant day ahead!

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Could you please put in some links that work?  No matter what search query I put in Google or Quickbooks community, your answer is the only one out there but again the links do not work.  

I am mainly looking for how Quickbooks handles the payroll item EIC Advance.  Also, there is a Child Care Advance that I do not see is as a payroll item.  

Any help you could give would be much appreciated.

JJ

Thank you for coming back to the Community, jj41662.

Let me help and get you on the right track on how to handle the advance earned income credit.

In QuickBooks Desktop (QBDT) payroll, the option to set up the mentioned payroll item is currently unavailable. I recommend consulting with your accountant for further assistance. They can guide you in tracking the credits including the child care advance. Contacting them ensures your payroll records are in shipshape.

We’ve assembled resources to help users efficiently handle any payroll activities in the desktop program. These articles contain topics about taxes, forms, managing workers’ data, and so on: QBDT payroll.

Reach out to me again if you have additional payroll concerns. I’ll get back to assist further. Have a good one.