Tuesday, October 31, 2023

Efile W2

File your W-2 forms SOLVED•by QuickBooks•477•Updated 2 weeks ago Learn when and how to submit your W-2 forms to the Federal and state agencies through QuickBooks Online Payroll and QuickBooks Desktop Payroll. Sending your W-2 forms to the appropriate agencies on time is an important payroll task at the end of the year. Depending on your payroll product, we may do this for you, or you can file electronically using QuickBooks. Starting tax year 2023, if you have 10 or more combined 1099s, W-2s or other federal forms to file, you must file them electronically. To learn more, see IRS and Treasury issue final regulations on e-file for businesses. File your W-2s electronically Select your product below to get started. Note: Not sure which payroll service you have? Here's how to find your payroll service. QuickBooks Online Payroll QuickBooks Desktop Payroll Assisted QuickBooks Desktop Payroll Enhanced QuickBooks Desktop Payroll Standard, QuickBooks Desktop Payroll Basic Deadline to file your W-2s The deadline to file electronically is January 30. File your state W-2 forms If you use QuickBooks Online Payroll Core, Premium, or Elite, your state W-2s are automatically filed with your Federal W-2s. If you use QuickBooks Desktop Payroll Enhanced, see File state W-2 forms When to file a W-3 with the Social Security Administration (SSA) You don’t need to file a W-3 with the SSA if you send your W-2s electronically. The W-2s go to both the IRS and the SSA. Was this helpful? Yes No You must sign in to vote, reply, or post QuickBooks Online Payroll CoreQuickBooks Online Payroll EliteQuickBooks Online Payroll PremiumQuickBooks Payroll AssistedQuickBooks Payroll BasicQuickBooks Payroll EnhancedQuickBooks Payroll Standard Sign in for the best experience Ask questions, get answers, and join our large community of QuickBooks users. Sign In / Sign Up

Monday, October 30, 2023

Closing Costs of a building tax treatment

Closing costs on a business/rental building fall into 1 of 3 categories, 1) Deduct up front in the current year, 2) Amortize the closing costs over the life of the loan 3) Capitalize the asset and depreciate it over the life of the loan. Have to pick one option and stick with it!

Saturday, October 21, 2023

EFTPS now requires 2 party authorization

Effective October 19, 2023, businesses and individual taxpayers who make payments electronically via the Electronic Federal Tax Payment System (EFTPS) must utilize Multi-Factor Authentication (MFA). The primary goal is to further enhance the website’s security and safeguard against unauthorized access threats. Multi-factor Authentication Required for EFTPS Effective October 1…