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Hampty
Level 1

Quarterly unemployment overpayment

Hello. I overpaid unemployment in Q2. I subtracted the overpayment from Q3 amount due (there is a field on the efile form for this.) I efiled and epaid through QB. The overpayment shows as overdue for Q3 in my QB payroll center and on my payroll liabilities report. How best to adjust the liability so that it shows as paid? Thanks very much.

Solved
Best answer January 10, 2021

Best Answers
BigRedConsulting
Community Champion

Quarterly unemployment overpayment

Yes, QB doesn't know you applied an over-payment on the form from Q2 to Q3.  That information only exists on the form.

 

In this case, one option is to just ignore QB because you know you paid the tax. If you do that, the due amount will drop off in a year or so.

 

Or, you can enter two liability adjustments, one with an effective date in Q2 to artificially increase the balance due - matching the over-payment amount, and one for Q3 to reduce the liability by the same amount.  Start at Employees | Payroll Taxes & Liabilities | Adjust Liabilities.  Mark both transactions as "Do Not Affect Accounts" by clicking the Accounts Affected... button.

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1 Comment
BigRedConsulting
Community Champion

Quarterly unemployment overpayment

Yes, QB doesn't know you applied an over-payment on the form from Q2 to Q3.  That information only exists on the form.

 

In this case, one option is to just ignore QB because you know you paid the tax. If you do that, the due amount will drop off in a year or so.

 

Or, you can enter two liability adjustments, one with an effective date in Q2 to artificially increase the balance due - matching the over-payment amount, and one for Q3 to reduce the liability by the same amount.  Start at Employees | Payroll Taxes & Liabilities | Adjust Liabilities.  Mark both transactions as "Do Not Affect Accounts" by clicking the Accounts Affected... button.

View solution in original post

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