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Level 2

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

 
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Best answer July 07, 2020

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QuickBooks Team

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

Hi there carchey79. 

 

Thanks for dropping by the Community with your question, I'm happy to shed some light onto what's going on. When recording the tax payments you've made, QuickBooks applies it to your oldest tax dues. Once it's settled, your next tax payment will be applied to the next quarter's estimated tax dues. This is a default action in QuickBooks Self-Employed. What this means is that you have to wait for your payment to the IRS for Q1 to be settled for you to be able to pay Q2. 

 

Also, just as a heads up when you go to pay your Q2 taxes to the IRS, make sure the voucher is correct, as shown in the photograph below:

 

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For further information on the topic check out these articles I've listed below:

If you have any other questions or concerns, feel free to post below, thank you for your time and have a nice afternoon. 

View solution in original post

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Highlighted
QuickBooks Team

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

Hi there carchey79. 

 

Thanks for dropping by the Community with your question, I'm happy to shed some light onto what's going on. When recording the tax payments you've made, QuickBooks applies it to your oldest tax dues. Once it's settled, your next tax payment will be applied to the next quarter's estimated tax dues. This is a default action in QuickBooks Self-Employed. What this means is that you have to wait for your payment to the IRS for Q1 to be settled for you to be able to pay Q2. 

 

Also, just as a heads up when you go to pay your Q2 taxes to the IRS, make sure the voucher is correct, as shown in the photograph below:

 

undefined

 

For further information on the topic check out these articles I've listed below:

If you have any other questions or concerns, feel free to post below, thank you for your time and have a nice afternoon. 

View solution in original post

Highlighted
Level 2

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

Based on your answer, if others are using QB Self Employed application and both Q1 and Q2 taxes are due on July 15th, perhaps there needs to be a notification to submit Q1 a few days before July 15th so there is time for it to "clear" before submitting Q2.

Highlighted
QuickBooks Team

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

Hi carchey79. 

 

Thank you for your input, you raise a good point and I'm going to bring it to the attention of our engineers. I also found a helpful article, that I believe you and many others may find beneficial in the meantime. This article goes through the quarterly payroll tax process, shows when taxes are due, how to make the payments and how to record the payments: Pay federal estimated quarterly taxes

 

Thanks again for dropping by, I hope this helps and have a nice Tuesday!

Highlighted
Level 1

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

Thanks for this answer Nick.

I second the need for a notification or other processing procedure.  Due to the 48hour processing time, I cornered myself into having to pay my Q2 taxes via EFTPS directly and will have to backlog it into Quickbooks.  

In the future, it would be nice to have a pay button on each quarter's tax estimate instead of a global pay button.  The individual pay buttons could include a warning to ensure you're paying the correct quarter.

Highlighted
Level 2

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

I got notification of the Q1 taxes being accepted and paid, but it was not reflected in QB. I went ahead and paid my Q2 taxes as it takes a couple days to settle. Sure hope they get applied to Q2.

Highlighted
Level 1

I just paid Q1 taxes via the QB Self-Employed application. I'm now ready to pay Q2 taxes. How do I differentiate between the two. When I click in the Q2 box and then "pay now" button, the app thinks I'm trying to pay Q1 taxes.

What happens if I paid Q1 payment and then adjusted amount to change to Q2 for that payment but both payments show up as pending under Q1? Will the IRS not apply 2nd payment to Q2? Payments are due today so I can’t wait for Q1 pending to go through...do I need to make separate Q2 payment then through EFTPS?  Ugh, this two payments due is so confusing. 

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