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workha
Level 2

Tax Overpayment

I made an adjustment to an employees pay after the tax payment had been made. Quickbook's gave me the option to apply the subsequent tax overpayment to the following Quarter. However, instead of a credit that amount is now reflected as being owed when I run the Payroll Tax report. Help. This is not making sense to me why it was recorded this way.

2 Comments 2
ShyMae
QuickBooks Team

Tax Overpayment

Let's work together to resolve your tax overpayment so it will be credited, workha. 

 

Before anything else, let me provide information on how to handle tax overpayments. If the quarter hasn't ended yet, you can leave the overpayment as it is. It'll cover your additional payroll tax liabilities for the rest of the quarter until it's all used up.

To ensure that you apply the overpayment to the next quarter, follow these steps:

 

  1. Go to Taxes, then Payroll tax.
  2. Select Payments.
  3. Look for the Overpaid tax, then select Resolve. If you don't see the Resolve option, contact us for help.
  4. Select  Apply to a future tax payment
  5. Click Confirm, then Done.
  6. Contact the IRS or your state agency to request refunds or apply taxes to future periods.

 

After completing the steps above, let's check and run the payroll tax reports again.

 

If the issue persists, I recommend contacting our payroll support. Your concern requires the assistance of our designated support, as they possess the necessary security protocols to access your account, which is beyond the scope of what can be done here in the Community space.

 

Moreover, if you wish to view payroll tax payments and forms, check out this article: Look at previously filed tax

 

You can respond by tapping the reply button for further clarification and information regarding your tax overpayments. I'd be here to assist you always. 

workha
Level 2

Tax Overpayment

It was overpaid in the 3rd Quarter and was to be credited to the 4th Quarter. 

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