Overpayment of federal taxes

Due to the handoff between bookkeepers, the federal taxes for one 2-week pay period was paid twice.

Should the 2nd payment be posted to payroll liabilities or payroll expenses?

I have tried both, and neither one seemed to generate a 941 that reflects an overpayment.  I could always create the 941 PDF manually, but I want the QBO archive to be accurate. 


Neither Payroll Expense nor Liability.

It's not your Expense; it's your Banking.

It's not a liability that you had accrued.

And it isn't going to show in Payroll unless you paid it using Payroll Functions.

What you have is an Other Current Asset = amount owed back to you, or to be used as credit against what you Owe as gross, in the future.

Was this answer helpful? Yes No

No answers have been posted

More Actions

People come to QuickBooks Learn & Support for help and answers—we want to let them know that we're here to listen and share our knowledge. We do that with the style and format of our responses. Here are five guidelines:

  1. Keep it conversational. When answering questions, write like you speak. Imagine you're explaining something to a trusted friend, using simple, everyday language. Avoid jargon and technical terms when possible. When no other word will do, explain technical terms in plain English.
  2. Be clear and state the answer right up front. Ask yourself what specific information the person really needs and then provide it. Stick to the topic and avoid unnecessary details. Break information down into a numbered or bulleted list and highlight the most important details in bold.
  3. Be concise. Aim for no more than two short sentences in a paragraph, and try to keep paragraphs to two lines. A wall of text can look intimidating and many won't read it, so break it up. It's okay to link to other resources for more details, but avoid giving answers that contain little more than a link.
  4. Be a good listener. When people post very general questions, take a second to try to understand what they're really looking for. Then, provide a response that guides them to the best possible outcome.
  5. Be encouraging and positive. Look for ways to eliminate uncertainty by anticipating people's concerns. Make it apparent that we really like helping them achieve positive outcomes.

Select a file to attach:

Qb community
Looking for advice from other business owners?

Visit our QuickBooks Community site.