Can I offset my employer's payroll tax with the Form 6765 of the 2023 tax return with $66,000 credits in 2024? If so, How?

Hello there, Sirun. I'm here to provide information about your forms 6765 and 941 in QuickBooks Online (QBO).

The credits claimed on Form 6765 can't be offset by the taxes reported on Form 941 due to the differences and purpose of these two forms.

You might want to contact the IRS to inquire about eligibility for the credit. If the IRS approves it, please contact our Payroll Support team for any necessary payroll corrections.

1. Sign in to your QuickBooks Online company.
2. Go to Help (?).
3. Select Contact Us.
4. Enter your concern, then select Let's Talk.
5. Choose a way to connect with us:
   • Start a chat with a support expert.
   • Get a callback from the next available expert.

Kindly note our operating hours on this article so you can contact us promptly: Contact Payroll Support.

Additionally, here are some resources to help you manage your taxes and stay compliant with all tax regulations:

• Pay and file payroll taxes and forms electronically in QuickBooks Online Payroll
• Access state agency websites for payroll
• View your previously filed tax forms and payments

I'm here to help with any further questions you have about managing your taxes in QBO Payroll. Feel free to add them below so I can get back to you. Stay safe.

I have filed Form 6765 with my company's 2023 tax returns. According to IRS guidance, I need to submit Form 8974 along with my quarterly Form 941 to use the R&D credit to offset payroll taxes. Could QuickBooks team help me submit Form 8974 along with Form 941? Or do I need to suspend the automatic filing in QuickBooks and manually file the forms myself?

Seeking guidance from the IRS was a wise move to file the necessary forms accurately, Sirun. I'll guide you on how you can submit Form 8974 along with Form 941.

QuickBooks Online Payroll (QBOP) is unable to file Form 8974 for you. With this, I'd recommend suspending the automatic filing feature temporarily to submit it manually together with your 941. 

Start by changing your taxes and forms preference. Here's how:

1. Go to the Gear icon or Settings ⚙, then select Payroll settings.
2. From the Taxes and forms section, click Edit (Pencil icon).
3. Select I’ll pay and file the right agencies through their website or by mail to handle your taxes and filings yourself.
4. Click Save, then Done.

After that, complete your tax setup (Pay and file your taxes and filings yourself section) to get a copy of your Form 941. Then, access the IRS website to file the forms manually.

Furthermore, you can create a summary report if you need to view your employees' totals and other payroll-related data. To guide you through the process, check out this article: Create a payroll summary report in QuickBooks.

If you have other payroll and tax forms concerns, please feel free to seek help from the Community. We're always ready to provide the assistance you need.

Thank you very much.

If I want to file the Form941 by my end manually, but still want the QuickBooks help to calculate and pay the Federal and State payroll taxes for me, what should I do?

For example, to achieve above, could I disable the automatic taxes and forms by the end of quarter, after filing the Form 941 manually at the beginning of next quarter, then re-enable the automatic taxes and forms?

Thank you.

Thank you very much.

If I want to file the Form941 by my end manually, but still want the QuickBooks help to calculate and pay the Federal and State payroll taxes for me, what should I do?

For example, to achieve above, could I disable the automatic taxes and forms by the end of quarter, after filing the Form 941 manually at the beginning of next quarter, then re-enable the automatic taxes and forms?

Thank you.

I'm happy to share and assist you with taxes and forms, Sirun.

Yes, we can deactivate the automatic taxes and forms option by the end of the quarter and then reactivate it once you've already filed the form with the IRS. Please note that we can only turn off this option once there are no pending payments and all forms have been filed.

Follow these steps to deactivate automatic taxes and forms:

1. Go to the Gear icon, then select Payroll Settings.
2. From the taxes and forms, click Edit, and then uncheck the box for Automate taxes and forms.
3. Choose between "I'll initiate payments and filings using QuickBooks, or I'll pay and file the right agencies through their website or by mail."
4. Hit Save and then Done.  

Let me share this article if you want to pull up your report for payroll: Run payroll reports.

Keep me posted if you still have questions about your tax forms. Have a great day, and take care.