I'm self-employed my wife works for a company

drchance · ‎January 31, 2023

"Let's send feedback or product recommendations to help improve the features"

With all due respect @Rea_M , we're not asking to improve any features. We're paying money for a product that doesn't work. I really wish someone with QBSE would respond on here that they acknowledge this "bug" and they are fixing it.

QBSE has had bugs before, and they've fixed them. I noticed this year, for the first time, I know longer have to manually enter my 4th quarter tax estimates on December 31st. It was frustrating to deal with this every year ... January 15th's estimated taxes would be applied to the current year instead of the previous year ... I would delete the transaction and add it manually so that QBSE applied it to the previous year. I could never get a response from QBSE like "yes, we're working on that and should have it resolved in time for filing 2022 taxes". Every time I contacted supported they acted surprised this was an issue.

If you're not in the process of moving to an accountant, like me, you'll have to keep your handy spreadsheet around for calculating quarterly taxes this year ... and every time you open QBSE you will need to ignore the tax screen that shows you are behind in quarterly estimates ... what a terrible feeling. QBSE is supposed to help me sleep better at night.

broce-nicholas-g · ‎February 26, 2023

I totally agree. Astounding that they refuse to even acknowledge this as a problem.
What I'm wondering, is if I just mark myself as single in QBSE will that give me the correct amount to pay or will it be off?

gamer1girl · ‎February 26, 2023

Right?

So unfortunately that (selecting as single) will also be off due to likely tax bracket change.

Having consulted a family member of mine who is a CPA, they reccomended subtracting your spouse's withholding amount from your taxes roughly to arrive at your quarterly amounts.

Until this is fixed I plan to look at that and what I paid previous year/quarters.

wizpro · ‎March 29, 2023

@gamer1girl - I agree with your method of calculation. My wife and I got a large Fed return because I overpaid my quarterly taxes. To test your method, I subtracted my wife's (not self employed) withholdings for the year from my (self-employed) quarterly payments, and found the refund we got was within a few dollars of this difference. As noted by another user (drchance) in this thread, you cannot remove your spouses income from the tax profile, as this has the potential to place you in a different tax bracket.

As a final gripe/note/question to raise.... if QBSE allows us to enter our spouse's W2 tax information, including their withholdings, why isn't QBSE quarterly payments calculated correctly? My best guess, is QB rather have us overpay to avoid serious complaints/legal financial tax implications from customers using their software. It is clearly stated, QBSE is not tax software, but still irks me since I use QBSE solely for the quarterly tax estimations.

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