Paying the IRS
Payments will begin by clicking
Verify the bank account. XE
"payroll liability payments"
If a check is to be printed from
QuickBooks, check To be printed.
Click the appropriate payroll items to be
paid, noting the two-for-one clicking on
Medicare and Social Security. Clicking
OK will generate a check record for the
payment. Go to the bank account
register. If necessary, edit the
Number field for this check.
If Federal Unemployment
(FUTA) is paid to the same vendor as
withholding tax and Social Security, it may
be included with payments listed on Form
941. This would require an adjustment,
subtracting the FUTA amount from the payments.
Electronic Federal Tax Payment System (EFTPS) is XE
"EFTPS" now required for many
employers, and eventually will become
universal. QuickBooks (through versions
5) does not have any provision for
EFTPS. Someday, it may become a reason
for buying a new version. Online
banking and bill payment exclude payroll