I have an employee who exercised stock options and I need to include the income from this exercise in their taxable earnings but do not want to impact his net pay for this transaction. (taxable $20k, taxes of $6k, but net cash impact of $0) Employee is cutting us a check for the taxes, and we will remit both EE and ER portions. QuickBooks won't let me process a $0 paycheck and I cant find a payroll tax type that maps to box 12 on the W-2.
Anyone else have this situation who can provide any insight as to how to process?
