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payroll

I made a 941 e-file payment based on the autogenerated amount from our QB payroll software.

After reviewing the payment I noticed is was off by about $2000. The payroll report shows the correct amount. 

How do I revise the e-file payment so I not subject to interest penalties from the IRS.

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Anonymous
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Re: payroll

Thank you for posting in the Community, @Lonestar58.

 

I'm here to help you with your federal e-payment. 

 

You can't cancel federal e-payments through QuickBooks once they've been transmitted. However, there's no need to worry because you can still avoid interest penalties.

 

If it's two or more business days before payment is scheduled to be made, do the following:

 

  1. Go to the EFTPS website.
  2. Select Payments from the home page.
  3. Log in. Then select Cancel a Tax Payment from the menu. And follow the instructions.

If the payment is scheduled to occur in less than two business days, you can't cancel it through EFTPS tax payment service. What you'll need to do is schedule another payment for the difference in the amount owed.

 

You can refer to this article for more information: Cancel tax payments and forms.

 

That should do it. Let me know if you need further information about your e-payment. I'll be here to help.

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