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LoraLynn
Level 2

Assisted payroll deferral of federal taxes 2020 - instructions

What are the proper steps in QuickBooks desktop for deferral the employer social security portion of payroll taxes after 3/13/20? 

7 Comments 7
ZackE
QuickBooks Team

Assisted payroll deferral of federal taxes 2020 - instructions

Hello, and welcome to the Community, LoraLynn.

Under the Coronavirus, Aid, Relief and Economic Security (CARES) Act, you can defer up to $1 million in tax payments due on April 15, 2020 until July 15, 2020 without interest or penalties. At this time, there isn't a feature inside of QuickBooks, because you don't need to declare deferment, just simply don't make the payment until you're ready to do so. It's important to keep in mind that half of it must be paid by December 31, 2021.

You can find more information about the CARES Act here: A brief guide to Coronavirus relief and assistance programs

I'll be here to help if you have any questions. Enjoy the rest of your day!

LoraLynn
Level 2

Assisted payroll deferral of federal taxes 2020 - instructions

Thank you ZackE.  I understand the principle, but would like a step-by-step process of how to handle that in QuickBooks Desktop payroll.  With Enhanced Payroll, taxes are automatically drafted with each payroll.  So adjusting those would be helpful with instructions.

SarahannC
Moderator

Assisted payroll deferral of federal taxes 2020 - instructions

Hello there, LoraLynn.

 

I can see how important to get the detailed steps on how we can do it within QuickBooks Desktop.

 

I would recommend getting in touch with one of our payroll specialists. They can help and guide you further as they have the tools to pull up in a secure environment and be able to provide accurate ways on how to do it. 

 

Please consider following these steps to get in touch with them:

 

  1. Go to the Help menu and choose QuickBooks Desktop Help. We can also press F2 on our keyboard.
  2. Enter a keyword for your concern. Then, click Contact us at the bottom part of the pop-window.
  3. Enter a short description of your concern. 
  4.  Click Search and select Message Us.
  5. Visit here and go to the QuickBooks Desktop section to know their work schedule. This way, they'll be able to help us with the problem. 

 

Please know that we have limited and reduced our support hours due to the COVID-19. 

 

Add another reply if you need anything else. I hope you're good. Stay safe!​​​​​​​

LoraLynn
Level 2

Assisted payroll deferral of federal taxes 2020 - instructions

I didn't get a "message us" option.  It seems to have dumped the question back into the online community.

MaryLandT
QuickBooks Team

Assisted payroll deferral of federal taxes 2020 - instructions

Hi there, LoraLynn,

 

I'm here to help ensure you're able to contact our Assisted Payroll Team.

 

You'll want to fill in the form to chat with an expert. Use this link to connect with a live support: Chat with us online. Due to COVID-19, we have limited staffing and have reduced our support hours to 6 AM-6 PM PT Monday-Friday. We will resume normal hours as soon as possible.

 

Check out the Contact Support link for more details.

 

Feel free to post again if there's anything else I can help you. Just tag my name, and I'll get back to you.

 

Thank you and stay safe!

LoraLynn
Level 2

Assisted payroll deferral of federal taxes 2020 - instructions

With Assisted Payroll, QuickBooks takes all the tax automatically.  

Rea_M
QuickBooks Team

Assisted payroll deferral of federal taxes 2020 - instructions

Yes, you're right, LoraLynn. QuickBooks Desktop Assisted Payroll handles your payroll taxes automatically.

 

Your Assisted Payroll makes sure you'll pay and file your tax returns on time. The system has advanced features for payroll's detailed reporting and job costing. This way, you'll have a better view of monitoring the progress of your business.

 

The electronic copies of the payroll tax and employee W-2 forms that were filed on your behalf will be provided to you through a secure link in the Payroll Tax Center.

 

With Payroll Tax Center, you can view, print, save, and email copies of your payroll returns. To learn more about it, you can refer to this article: Payroll Tax Center for Assisted Payroll customers. It contains FAQs about filed tax forms, W-2 overview, and W-2 printing option to name a few.

 

Please let me know if you have other concerns. I'm just around to help.

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