We under paid the state unemployment insurance in 2024 due to not updating the tax rate in the Payroll Settings. Yes I know we made a mistake. We just paid the amount due on the state's website which was the amount owed, penalty, and interest.
How do we record this in QBO?
If we simply do a Record tax payments (prior tax history), it adds a payment in QBO, but the problem is QBO doesn't "know" about the underpayment and the amount due. Because QBO successfully paid all the tax payments in 2024 (with the outdated tax rate) it sees any added payments as over-payments and immediately marks them as "Resolve Overpayment" and directs you to request a refund.
The PROBLEM is how to get QBO to understand that there's a tax amount owed. Additionally, this gets more complex because the underpaid amount theoretically should have been coming from employee paychecks too. So how do you resolve that? I just assumed we would pay it as the company since it was our mistake in not updating the tax rate (would be nice if QBO was better about notifying you about this).
BTW, this forum is super buggy. Almost impossible to you. Constantly logs you out and posts red "Authentication Failed" errors. Even after removing the cookies.
