How to Efile Federal Tax & State Tax Using QuickBooks
Business man and investors consider year-end tax planning for their capital gains and losses. Paying taxes for the business owner can be a complex process. QuickBooks business management software offers a series of tax filing forms for businesses of different nature and sizes. Below are the different types of QuickBooks forms that define their purposes. Go through them to know that which form meets your business purpose. If you are facing any issue or problem while filing these form via QuickBooks , check QuickBooks Errors List to know how to fix QuickBooks forms errors .
Types of QuickBooks forms
1099 form QuickBooks: The 1099 QuickBooks form is needed during for year-end tax filing. If you are liable to pay an amount of $600/year and also need to send to contractors via IRS deadline you require 1099 forms. It helps you to track of the persons whom you have paid and the amount you have paid exactly. It is very simple and easy to create and file 1099 from QuickBooks software.
Form 8027 QuickBooks: QuickBooks Form 8027 is filed through the IRS on or before the last day of February for employers who process the filing on paper, or 31st March for employers who file the form electronically.
The following are needed for filing QB Form 8027:
Gross receipts of the business
Business charged tips
Total amount of tips employees reported along with other data
Form G702 QuickBooks: The QB form G702 allows you to automatically generate invoices and AIA G702/G703 Payment Applications with no additional data entry. The entire data for invoices and AIA Payment Applications come from data in the job estimate and from your actual job costs.
QuickBooks 1096 form alignment: QuickBooks 1096 Alignment form is simple and easy to file. Follow the steps: Go to File -> Set up Printer Set up -> Choose the first one 1099/1096, then align. If you are QuickBooks Desktop user the 1096 forms are compatible with all versions of QuickBooks 2011 and earlier. This form is highly compatible with QuickBooks Desktop 2011, 2012, 2013 and 2014 versions.
QuickBooks ACH form: QuickBooks Payments feature in QuickBooks allows credit card payments. If you are a QuickBooks user you are aware that you can easily process ACH transactions or eChecks that are commonly known as bank transfers at a very minimal fee. You only need to provide the credentials and customer’s bank information in QuickBooks; the software takes care of further accounting and saves plenty of time.
QuickBooks and form 1095-C: The latest QuickBooks IRS form 1095-C is an exemption for the businesses that employ less than 50 employees. For the rest the IRS released this new form on February 8 under the name Form 1095-C.
QuickBooks Form 941: QuickBooks Form 941 is the federal form that is a quarterly tax return for the employer. The form is important for reporting the following:
Payment of employee wages
Employee tips received
Withheld federal income tax
The employer’s and the employee’s share of Social Security and Medicare taxes
Adjustments to Social Security and Medicare taxes, sick pay, tips, and group term-life insurance of present quarter
Adjustments to payroll taxes of previous quarter
QuickBooks Authorization Form: It is a direct deposit form and to create in QuickBooks Choose Employees -> Employee Center to open you QB authorization form. The QuickBooks Authorization Form helps you to follow these rules by providing you with an authorization form that ensures you get the required information from your customers. The form not only secures the customer’s permission, but also nominates the terms of the recurring payment and can help safeguard you from possible charge backs.
QuickBooks Bill of Lading Form: QuickBooks Bill of lading forms follow using the same information from QuickBooks sales order or invoice that has been provided by the user. There are many productive features like the quick freight quotes feature saves on freight costs, the shipment consolidation feature creates master bill of lading for multi-order or multi-stop shipments.
QuickBooks Direct Deposit Form for Employee: If you require the direct deposit form you need to fill up all the fields that are mentioned in the QB Direct Deposit Authorization Form offered and further you will accord you with a voided check from their bank account. The authorization form and voided check are for your records only and you do not need to submit them to QuickBooks Desktop.
QuickBooks Direct Deposit Form for Vendors: The QuickBooks Direct Deposit Form for Vendors helps the QB Desktop payroll customers with the ability to send direct deposits to 1099 Independent Contractors.
QuickBooks Federal Form 941: QuickBooks Federal Form 941 has certain requirements to e-file in QuickBooks Desktop is as follows:
QuickBooks Desktop Enhanced Payroll subscription
Latest supported version of QuickBooks Desktop
Stable internet connectivity
Latest payroll update
QuickBooks Form 1040: QuickBooks Form 1040 has three different sections. Choosing the right form will help you file successfully.
Form 1040 Schedule C to record the total income and allows sole proprietors and self-employed persons to report their profits, a Schedule C form enables them to list losses suffered during the business year.
Form 1040-ES is the form that sole proprietors and freelancers use to submit estimated tax payments to the IRS.
Form 1040 Schedule SE is for computing your self-employment tax.
QuickBooks form 1041: With the QuickBooks Form 1041 you can generate income tax returns for estates and trusts. Entire income distributions made to beneficiaries must be reported on a Schedule K-1 at the end of the year.
QuickBooks form 1065: The particular QB form1065 is followed by the partnership businesses. The partnerships businesses need to file partnership returns on Form 1065. For filing the form the entity needs an Employer ID number, even if you’re not going to have employees. It is a very simple and esy process.
QuickBooks form 1095 C: The QuickBooks Form 1095 C is the IRS form for businesses with 50 to 99 full-time employees. This form does not consider the part time employees.
QuickBooks form 1096: For filing the QuickBooks Form 1096 you are supposed to set up a vendor and print 1096 forms in QuickBooks Desktop Pro, Premier, and Enterprise Solutions.
QuickBooks form 1098: The QB Form 1098 is used to report mortgage interest of amount $600 or more received by you during the end of the year of your trade/business from an individual, including a sole proprietor.
QuickBooks form 1099: QuickBooks IRS Form 1099 is basically filled up by partnership firms and sole proprietors who use independent contractors for their business requirements. These forms in general describe different types of income of the business.
QuickBooks form 1099 MISC: The QuickBooks form 1099 MISC is filed by the employer for each and every person paid by him during the current calendar year. It helps to track the exact amount paid to the person on which particular date.
QuickBooks form 1120: This QB Form 1120 is used by Domestic organizations for the purpose of accounting the income, losses, credits, deductions and gains of the organization. It helps to find out the liability owed for Income Tax.
QuickBooks form 2290: QuickBooks Form 2290 is for those who use heavy highway vehicle. The tax return can be used for paying tax due on highway motor vehicles used during the period with a taxable gross weight of 55,000 pounds or even more. The form can also be used to figure and pay tax due on vehicle for which you complete the suspension statement on another Form 2290, with the condition that the vehicle later exceeded the mileage use limit during the period.
QuickBooks form 5500: The QB form 5500 via the IRS, Department of Labor, and Pension Benefit Guaranty Corporation jointly is designed and developed returns for employee benefit plans to satisfy annual reporting requirements under ERISA and the Internal Revenue Code.
QuickBooks form 720: QuickBooks Form 720 is implemented if your nature of business revolves around in goods and services that deal with excise tax. This QB form 720 is prepared quarterly to report the tax to the IRS. The federal government charges an excise tax on specific types of products and services, and in some ways resembles a state sales tax.
QuickBooks form 8655: The reporting agents refer to companies that perform payroll services for other businesses. The payroll service has prescribed Form 8655, Reporting Agent Authorization as the appropriate authorization for use by a taxpayer to designate a reporting agent to perform acts on behalf of a taxpayer. The person who signs the Form 8655 should be someone who has authority to legally bind the corporation, partnership or sole proprietor entity.
QuickBooks form 8846: QuickBooks Form 8846 are used by many food and beverage establishments that use to claim a credit for social security and Medicare taxes paid or incurred by the employer on certain employees’ tips. This QB form 8846 has payroll data that is summarized in Excel report that help you to fill out the form.
QuickBooks form 8846 Worksheet: QuickBooks has the Form 8846 Worksheet that is used to prepare the top portion of Form 8846 (i.e. Credit for Employer Social Security and Medicare Taxes Paid on Certain Employee Tips). The QB form 8846 Worksheet shows total tips, tips deemed to be wages, excess tips, and the current year credit.
QuickBooks form 940: QuickBooks Form 940 comprise of an Excel workbook with many worksheets designed to show which transactions QuickBooks has used to calculate the numbers that appear on your most common payroll tax forms.
QuickBooks form 940 Credit Reduction: QuickBooks Form 940 for credit reduction shows up in your payroll taxes and the years of being behind on its filing.
QuickBooks form 940 Error: For filing the QuickBooks Form 940 error you need to enter a liability adjustment to record the credit reduction amount in QuickBooks. You need to join your Schedule A to your Form 940 and file your forms and pay the amount due.
QuickBooks form 940 Schedule A: The QuickBooks form 940 Schedule refers to the Federal Unemployment Tax (FUTA) which s proportional to a credit when employers also pay State Unemployment Taxes. Employers in 8 states are subject to the FUTA Credit reduction due to federal mandate. The total percentage of the reduction varies by state and QuickBooks is designed to identify, compute and report that credit reduction. The eight states included in the Credit Reduction are CA, CT, IN, KY, NC, NY, OH, and the Virgin islands.
QuickBooks form 941: This is Employer’s Quarterly Federal Tax Return. Form 941 is used to report those taxes that the employers withhold from employee’s paychecks including withheld income taxes, Medicare taxes or social security taxes and also have to pay for employer’s part of Medicare tax or social security tax.
QuickBooks form 941 Error: The QB Federal Form 941 signifies total taxes adjusted by EIC that does not equal the total quarter liability. You need to make adjustments to reconcile the amounts. If you have hire act qualified employees, verify and adjust your data for any kind of errors.
QuickBooks form 941 numbers of employees: The QuickBooks form 941 for number of employees. For that follow the recommended steps: Choose Employees -> Payroll Tax Forms & W-2s. The File Forms tab in the Payroll Center will open. In the File Forms section, choose Quarterly Form 941 and Schedule B.
QuickBooks form 941 Schedule B: This form is enrolled only when the individual is considered as semi weekly schedule depositor. Individuals are considered semi weekly depositor only in following cases:
During the look back period, the individual has accorded for employment taxes more than $50,000.
Tax liability of the individual corresponds to touching $100,000 or more on for any day in the previous calendar year or current.
Follow the steps to create the form in accounting software: Go to the File Forms section -> Select Quarterly Form 941/Sch. B – Employer’s Quarterly Federal Tax Return. And then you are done.
QuickBooks form 943: This is Employer’s Annual Federal Tax Return for Agricultural Employees. Filing of this form, Form 943, is only applicable if the tax payer has given wages to one or more farm workers which were also subjected for withholding of Federal Income Taxes or Medicare and Social security taxes.
QuickBooks form 945: This form is the Annual Return of Withheld Federal Income Tax
This form is used to provide information regarding the Federal Income Tax which is withheld, from the payments of Nonpayroll category. These payments include following:
Annuities and pensions inclusive of distributions received from retirement plans having tax approval such as Section 401 K, Section 403 B and 457 B (government section)
Retirement from Military
Winnings acquired from Gambling
Profits accrued from Indiana games.
Voluntary withholding on certain government
QuickBooks form 990: The QuickBooks form 990 Return of Organization Exempt from Income Tax is submitted by tax-exempt organizations and nonprofit organizations to provide annual financial information to the IRS. There is another variant of Form 990-PF is available for private foundation organizations.
QuickBooks form 990-EZ: QuickBooks form 990-EZ is the Return of Organization Exempt from Income Tax is submitted by tax-exempt organizations and nonprofit organizations to provide annual financial information to the IRS. A small version of this form can be used by organizations with gross receipts of less than $100,000 and total assets of less than amount $250,000. There is another type of Form 990-PF, is available for private foundation organizations.
QuickBooks form W3: It is the Transmittal of Corrected Wage and Tax Statements. The QW-3 form is for the Social Security Administration (SSA). W-3 forms of your company will be available online in the filed tax forms section of the Payroll Tax Center when your W-2s are available. This form is used to communicate W-2c Form’s Copy A which is labeled as Corrected Wage and Tax Statement. These forms provide quarterly and annual payroll tax returns filed by our service.
QuickBooks Form W-2: This is Wage and Tax Statement
This W-2 form is basically filed by each and every employer, who is absorbed in business or trade, for all of his employees including those related to the employer, paying wages along with commission, inclusive of payments through checks for amount equivalent of $600 or more per annum, in return of the services rendered by them to the firm. This is basically filed in following scenarios:
Medical care tax, Income tax or social security tax are withhold from the employee.
In scenario wherein the employee do not claim for more than one allowance withholding or do not come forward to claim exemption from Form W-4 withholding, labeled as Employee’s Withholding Allowance Certificate, Income tax of the employee will be withheld.
QuickBooks form W-2 C: This is a corrected Wage and Tax Statements
Form W-2c is filed for following:
To make corrections in W -2 form, W -2AS form, W -2CM form, W- 2GU form, W 2VI form and W -2c form filed with Social Security Administration (SSA).
Also to accord employees with corrected and accurate W -2 form, W -2AS form, W -2CM form, W- 2GU form, W 2VI form and W -2c form.
QuickBooks online form W-3: The QB online W-3 is the Transmittal of Wage and Tax Statement forms for the Social Security Administration (SSA). Your company W-3 will be available online in the Filed Tax Forms section of the Payroll Tax Center when your W-2s are available. You can also find quarterly and annual payroll tax returns filed by our service.
QuickBooks Online Registration Form: Easily download the QuickBooks Online Registration form and the individual and federal forms as per the requirements of the business. Prefer QuickBooks Online over QuickBooks Desktop as it is the most efficient way to work in your client’s books.
QuickBooks Payment Voucher Form: This QuickBooks voucher form is the IRS Tax form 941-V-Payment Voucher that is joined at the end of the tax form 941. Complete Form 941-V, Payment Voucher, if you are making a payment with Form 941, Employer’s Quarterly Federal Tax Return. The IRS ensures to credit your payment more promptly and to improve their service to you.
QuickBooks Refund Request Form: The QuickBooks Refund request form needs to be filled up completely so that the requested refund can be processed. After the process is completed a notification will be sent to confirm that the refund request has been received successfully.
QuickBooks Requisition Form: There are certain fields included in the QB requisition form while designing it. The requisition form includes various fields such as: log number, fund name, requisition date, name of the vendor, and shipment destination. All the other fields should be filled up completely for the verification.
QuickBooks Return Form: When the user purchases QuickBooks products from the retail stores, they can be returned for a refund within 60 days of purchase. After sending the return receipt form with the complete details of the physical product along with the CD filing the QuickBooks Return Form, a refund mailed check can be expected within 4 weeks after the receipt of your return.
QuickBooks RMA form: QuickBooks RMA form is a template designed out of the box. RMA (Return Merchandise Authorization) Form is mainly used for every warranty claim. You are supposed to complete the RMA form for recording purposes but it does not necessarily mean you will return the item. Once the form is confirmed your claim is valid after reviewing only your submitted photos and videos, we will send you a replacement, process refund with warranty claim.
QuickBooks T5 form: QuickBooks T4 and T5 forms are prepared on a calendar basis. You need to follow the below steps mentioned:
Register an account with CRA for the reporting of T5.
Make a gist of the dividend, Interest, Royalties and other T5-relevant income paid in the CALENDAR year.
Report T5 using software such as Profile, or you can login to your CRA “My-Account”, then click on “file a return”, using Web-Forms.
QuickBooks tax form LLC: The income and expenses of LLC (Limited Liability Company) are reported on Form 1040, Schedule C, E, or F. If you prefer to file as a corporation, Form 8832 must be submitted. 8832 must be submitted. No Form 8832 is needed if filing as a partnership. The QuickBooks tax form LLC can be filed by following the below steps.
If the only member of the LLC is an individual, the LLC income and expenses are reported on Form 1040, Schedule C, E, or F.
If the only member of the LLC is a corporation, the LLC income and expenses are reported on the corporation’s return, usually Form 1120 or Form 1120S.
QuickBooks Tax form Worksheets: QB business accounting software includes Excel workbook with worksheets designed to help you with transactions QB has used to calculate the numbers that appear on your most common payroll tax forms: quarterly Form 941 and annual Form 940, Form 943, Form 944, Form W-2, and Form W-3. These worksheets provide valuable assistance for troubleshooting payroll tax form amounts if a QuickBooks calculation differs.
QuickBooks W4 form: This is the Employee’s Withholding Allowance Certificate. This form is completed by the employee with authentic information so that the employer can go for accurate Income Tax withheld from the employee’s wages. The employee should fill out Form W-4 every year or whenever there are any financial or personal changes made.
QuickBooks W2 Form Download: You can download QuickBooks W2 Form when the current year’s W-2 forms are available and you finished running payroll for the year you may print and file your W-2 forms. Prior to printing the forms it is important to know about the W-2 forms:
The IRS Requirements
The copies required to print, distribute and submit
Meaning of each line in the form
W9 form in QuickBooks: Easily download QuickBooks W9 form from the official Intuit website. QB Form W9 is a request for Taxpayer Identification Number and Certification. It is used by third parties in collecting identifying information to help file info returns with the Internal Revenue Service. It helps the payee avoid back up withholding. The information on the form and payment made are reported on a Form 1099.
Intuit 1099: The Intuit 1099 is a simple and easy electronic file. It is an efficient and cost effective way of e-filing your 1099-MISC forms. It is very easy to print your 1099-MISC forms on plain paper and save money. You can also enter vendor information, save, and return later to update or add more vendors prior to submitting your 1099-MISC forms to the IRS.
Form 1125 A: The main purpose of Form 1125 A is to calculate and deduct cost of goods sold for certain entities. The inventory costs for raw materials purchased for use in producing finished goods and merchandise purchased for resale are deductible in the year the finished goods or merchandise are sold under this accounting method.
Form DE9C: QuickBooks Form DE9C is a Quarterly Wage and Withholding Report filed quarterly to report entire wages and withholdings for employees and company. The DE9C form is used to report wage and payroll tax withholding information for California employers. In a way, it is the California equivalent of the Form 941 except the detailed withholding for each employee is reported.
UCT6: UCT6 form is for Florida Department of Revenue that showing the full names and earnings of all persons employed during that quarter. The payment can be made online or physically by mail and must be received by the Department of Revenue before the end of the month following the end of each quarter; file before the end of April for the first quarter consisting of January, February and March.
Form 940 Schedule A: The 940 Schedule A form is a Multi-State Employer and Credit Card Information form and it is used to figure your annual Federal Unemployment Tax Act (FUTA) tax for states that have a credit reduction on wages that are subject to the unemployment compensation laws.
Form 5080: QB form 5080 is a Withholding Taxes Monthly/Quarterly Return form for Sales Tax, Use Tax, and/or Withholding Tax. If the taxpayer inserts a zero on any line or leaves blank for reporting Sales Tax, Use Tax, or Withholding Tax, the taxpayer is approving that no tax is owed for that tax type and if it is determined that tax is owed, the taxpayer will be liable for the deficiency as well as penalty and interest.
Form 941: It is the Employer’s Quarterly Federal Tax Return. Form 941 is used to report those taxes that the employers withhold from employee’s paychecks including withheld income taxes, Medicare taxes or social security taxes and also have to pay for employer’s part of Medicare tax or social security tax.
Form NYS 45: Every quarter the law requires liable employers to report their payroll and pay unemployment insurance contributions. They do this on the Quarterly Combined Withholding, Wage Reporting and Unemployment Insurance Return (Form NYS-45), which must be filed online. This applies even if the wages are not subject to contributions or withholding under the Personal Income Tax Law.
TC 941: With TC941 you can save money of postage and paper check. File your tax returns easily and schedule payments using Taxpayer Access Point (TAP) at taxexpress.utah.gov. Follow the steps below:
You can file any time day or night
Better to file early and schedule payments to be automatically made on the due date
Immediate confirmation is accorded
DOL 4: The two parts of DOL 4 (Part I and Part II) of employer’s quarterly tax and wage report. Part I is crafted for reporting wages of employees that includes corporate officers. Part II is designed for reporting tax information and changes to your account unless you are a new employer; account information has to be printed in the form.
HMRC VAT: HMRC VAT needs to be submitted with a VAT Return to HM Revenue and Customs (HMRC) every 3 months. This period of time is known as the accounting period. The VAT Return records things for the accounting period such as follows:
the total owed amount of VAT
the reclaim amount of VAT
total sales and purchases of your company
total VAT refund from HMRC is
You must submit a VAT Return even if you have no VAT to pay or reclaim.
What is 1096: Form 1096 is basically a one-page cursory that is compiled in a sheet that displays the totals of the information returns that you are physically mailing to the IRS. You need to submit a separate 1096 for every type of information return you have given to a recipient, no matter if you have only prepared one of each kind.
PPD id: The abbreviation PPD id refers to Prearranged Payment and Deposit Entry (PPD) is a charge or credit transaction initiated by a merchant against a customer’s personal checking or savings account. Whatever the credit transactions occurs for personal banking accounts must be submitted as PPD, regardless of the original transaction type. With PPD id, a written authorization on paper from the customer is required for one-time transactions and a written standing authorization is required for recurring transactions. For PPD transactions, the customer’s payment authorization may not be received through telephone or Internet.
How to eFile Tax Using QuickBooks
The customer wants to file taxes using the QuickBooks Forms but unable to find where they can find option of a particular form and how they can fill journal & ledger entries automatically in this form can contact QuickBooks Customer Support & help to know how they can do it yourself.
Help For File Taxes Using Intuit QuickBooks
All the above QuickBooks forms and taxes are what comprise of payroll forms and tax payments. Any employee or employer falling under any category of the forms enumerated above need to file and report for that particular form in order to avoid penalty for wrong and not filing taxes properly. For any further queries and information you can immediately get in touch with the tax experts and QuickBooks Helpdesk via Toll Free Number ✆ +1-800-301-4813. We will be happy to assist you.