QuickBooks is the amazing software that helps you do more than one thing without having to have many in your business. Could we have ever thought of electronically filing your taxes and pay too? QuickBooks inbuilt features help you accomplish all these in few simple steps. There are many questions that arise out of this process – Does it cost? What are the system requirements to do so? Are all forms and liabilities supported? Are the payments directed automatically once the payroll is run in QuickBooks? There are answers to all these questions.
Well, you will be happy to know that e filing is absolutely free if you are a subscriber to QuickBooks Enhanced Payroll. You wouldn’t have to pay a penny.
It is an integral part of installing any feature or software in a system. In order to e file and e pay, you will need to have –
Not all forms are supported; therefore you need to check if they are-
After you fulfill at the above stated conditions, you are ready to e file and e pay. To begin with, you need to first create an IRS e services account after which you need to fill the form, submit your application and finally pass a suitability check which doesn’t come easy.
This is the first step towards e filing your taxes. In order to create your IRS account for e services, you will need certain factors to keep in mind. You will need to have the below mentioned details with no failure-
The task is not as easy as it seems. It takes longer than anticipated as there are verifications and approvals involved. It is advisable to plan your e filing accordingly.
Once you have got the confirmation, you begin the process of filling the form for yourself and everyone in it deemed responsible officials. Follow the steps to successfully complete it-
For the IRS to acknowledge with approval might take up to 45 days; hence it is recommended that everything is planned accordingly so that you are not out of time.
After everything has been completed in due time, arrives the time for sustainability check. This can be check of your credit history, compliance check pertaining to tax, criminal background check or any prior non-compliance check with IRS e filing department. After these checks have been conducted and you and your firm come out clean in these checks, you will be provided with an acceptance letter that contains EFIN which refers to electronic Filing Identification Number.
After the tedious and long process of being considered an e file provider is complete, you will have to submit the forms 941, 944 or 940. That can be done by-
E filing Taxes Using Intuit Enhanced Payroll enables you send your files directly through the electronic means with no delay and hassle. It is the best way to remain complaint too as QuickBooks guides you in every step of e filing to ensure no mistake is committed. Life gets easy with this process for sure.