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patricia-martin
Level 1

Where do I find the Statement of Final Return Template that Quickbooks instructions say to use?

 
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Best answer January 24, 2021

Best Answers
katherinejoyceO
QuickBooks Team

Where do I find the Statement of Final Return Template that Quickbooks instructions say to use?

Welcome to the Community, @patricia-martin

 

I can share some information on how to process an employee's final payroll and generate a Statement of Final Return.

 

There are two ways to generate the form. If you are processing a final payroll for a deceased employee, you can follow the steps below: 

 

  1. Go to the Payroll menu, then choose Employees.
  2. Pick the name of the employee on the list, then select the edit (pencil icon) beside Employment.
  3. Under Status, select Deceased on the dropdown menu, then click Done.

 

However, if you're closing or selling your business, there's no specific format for submitting your Statement of Final Return. It would also be best to consult your accountant to guide you in creating one.

 

For additional insights, you may check out the IRS checklist on Closing a business.

 

I'm also adding this article as your reference in case you'll need to create final paychecks for terminated employees

 

Keep sharing some more of your concerns, @patricia-martin. I'm always around here to help you with your next posts.

View solution in original post

2 Comments 2
katherinejoyceO
QuickBooks Team

Where do I find the Statement of Final Return Template that Quickbooks instructions say to use?

Welcome to the Community, @patricia-martin

 

I can share some information on how to process an employee's final payroll and generate a Statement of Final Return.

 

There are two ways to generate the form. If you are processing a final payroll for a deceased employee, you can follow the steps below: 

 

  1. Go to the Payroll menu, then choose Employees.
  2. Pick the name of the employee on the list, then select the edit (pencil icon) beside Employment.
  3. Under Status, select Deceased on the dropdown menu, then click Done.

 

However, if you're closing or selling your business, there's no specific format for submitting your Statement of Final Return. It would also be best to consult your accountant to guide you in creating one.

 

For additional insights, you may check out the IRS checklist on Closing a business.

 

I'm also adding this article as your reference in case you'll need to create final paychecks for terminated employees

 

Keep sharing some more of your concerns, @patricia-martin. I'm always around here to help you with your next posts.

View solution in original post

kshea
Level 2

Where do I find the Statement of Final Return Template that Quickbooks instructions say to use?

For anyone else looking for this template, it's on page 3 of this PDF:

 

https://bofa.onlinepayroll.intuit.com/in/support/GuidetoClosingYourBusiness.pdf

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