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uec1
Level 1

In qb online full service payroll, how to update the payroll Fed Unemployment (940) tax liability account to add the one-time 2023 FUTA tax credit reduction payment due?

Intuit e-filed our year-end 2023 form 940 which indicated that a payment of $420 was due (FUTA tax credit reduction payment).  But Intuit said they could not pay it and I should pay it directly to the IRS. Now I need to update the payroll liability account so I can categorize the tax payment that I made.  But there is no entry for $420 in the liability account. Since I am using quickbooks on-line full service payroll, there is no option for me to adjust payroll tax liabilities
2 Comments 2
ReymondO
Moderator

In qb online full service payroll, how to update the payroll Fed Unemployment (940) tax liability account to add the one-time 2023 FUTA tax credit reduction payment due?

Hey there, @uec1. Let me route you to the right support to help adjust your payroll liabilities.

 

Since you're using QuickBooks Online Full Service Payroll, I recommend contacting our QuickBooks Team. They can add the FUTA tax credit reduction payment due to your Federal Unemployment (940) tax liability account. This way, you can properly categorize the tax payment that you've made to the IRS.

 

Here's how to connect with them:

 

  1. Go to Help (?).
  2. Click Contact Us.
  3. Enter your concern and select Let's talk.
  4. Choose a way to connect with us:
    • Start a chat with a support expert.
    • Get a callback from the next available expert.

 

Moreover, you can run several payroll reports in QuickBooks Online Payroll to view useful info about your business and employees. Just check our payroll list and how to access them in this article: Run payroll reports QBO.

 

Please let me know if you have any follow-up questions about adjusting your payroll tax liabilities. I'll be here to help you out. Stay safe.

Nancyh1029
Level 1

In qb online full service payroll, how to update the payroll Fed Unemployment (940) tax liability account to add the one-time 2023 FUTA tax credit reduction payment due?

What if you do not use Quickbooks online full service payroll at all and do it as the accountant yourself, how do you handle this through the reports and add it in?

 

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