What happened to the Income Tax section in Quickbooks Online?

djyadil · ‎April 08, 2024

What happened to the Income Tax section in Quickbooks Online?
Will it be available again?

It has been several weeks since Quickbooks Online in the Income Tax section shows only this information:
"Income Tax is coming soon for your business Soon, you'll be able to see your income, deductions, and taxable profit all from here."

I'm using Quickbooks Online Plus!

LollyNino_C · ‎April 08, 2024

Welcome to the QuickBooks Community, @djyadil.

Thank you for selecting QuickBooks as your partner in managing your business operations. I'm pleased to share facts regarding your QuickBooks Online income tax concern.

Currently, the income tax tab feature is exclusively available for Sole Proprietor company type. If you're using a different company type, you will see a message saying, "Income Tax is coming soon for your business. Soon, you'll be able to view your income, deductions, and taxable profit from here". Once the information becomes available, you will receive a notification in your QuickBooks account.

Moreover, I've included an article that will assist you in keeping track of and organizing your payment due dates in a single location. This way, you can prevent late returns and extra fees on your sales tax: File your sales tax return and record sales tax payments in QuickBooks Online.

Click the reply button below if you have additional questions about income taxes within QuickBooks Online. I'll be willing to help. Have a great day ahead!

View solution in original post

LollyNino_C · ‎April 08, 2024

Welcome to the QuickBooks Community, @djyadil.

Thank you for selecting QuickBooks as your partner in managing your business operations. I'm pleased to share facts regarding your QuickBooks Online income tax concern.

Currently, the income tax tab feature is exclusively available for Sole Proprietor company type. If you're using a different company type, you will see a message saying, "Income Tax is coming soon for your business. Soon, you'll be able to view your income, deductions, and taxable profit from here". Once the information becomes available, you will receive a notification in your QuickBooks account.

Moreover, I've included an article that will assist you in keeping track of and organizing your payment due dates in a single location. This way, you can prevent late returns and extra fees on your sales tax: File your sales tax return and record sales tax payments in QuickBooks Online.

Click the reply button below if you have additional questions about income taxes within QuickBooks Online. I'll be willing to help. Have a great day ahead!

Mohr Reno · ‎April 10, 2024

-so why isn't it available for my sole-prop then?

AileneA · ‎April 10, 2024

Hi there, Mohr.

Thank you for reaching out to us. I hope this message finds you well. I understand that you are looking for clarification regarding the availability of Live Assisted Tax service in QuickBooks for different types of subscribers.

I want to inform you that the Live Assisted Tax service is only available for QuickBooks Solopreneur subscribers who file Schedule C (Form 1040). This service is designed to assist individuals who operate as sole proprietors and file their taxes using Schedule C.

However, I regret to inform you that, at this time, customers who are S-Corps or Partnerships do not qualify for the Live Assisted Tax service. We apologize for any inconvenience this may cause.

If you are an S-Corp or Partnership, we suggest that you explore other tax filing options. Our platform provides various tools and resources to support different business structures and tax requirements.

To learn more about how Live Assisted Tax works in QuickBooks, refer to this article: QuickBooks Solopreneur.

Additionally, to learn about QuickBooks Solopreneur and how it's different from similar QuickBooks products, refer to this article: Introduction to QuickBooks Solopreneur.

If you have any further questions or concerns, please do not hesitate to contact us again in the Community. We are always here to assist you in any way we can. Have a great day!

Mohr Reno · ‎April 11, 2024

"Solopreneur"? As if your product stack wasn't confusing enough already...

This answer still contradicts itself and other advertised facts about QB software but I guess I'll give up and buy a month of QBSE to do the job like I did last year...

All the QBO tax features state "check back soon" and yet tax season is nearly over... Good job of milking multiple subscriptions from your customers to cover all the basics right when they need them most!

I have a sole-member LLC., with employees, who files as a sole-prop when not given a better option, which doesn't fit neatly into any of your categories. Somehow having employees must disqualify me from this feature?? Ridiculous sham.

Topics

Training

Community

Resources

What happened to the Income Tax section in Quickbooks Online?