In Intuit Online Payroll, I need to record a net zero check to an officer/employee adding a non-taxable shareholder distribution and subtracting it in FWH ASAP. Help?
I am using Intuit Online Payroll. I need to record a net zero paycheck for an employee/officer using a non-taxable/non-reportable item to give them an equity withdrawal, and deduct it all in Federal Withholding in order to get more FWH paid in before the end of 2018.
I have tried using a "Reimbursement" item, but that won't allow any adjustment or deduction for FWH.
I have tried the same on one of their regular paychecks, but it will only allow a FWH deduction up to the amount of the taxable income shown, which is no help at all.
I have already spent two calls to support for a total of about an hour of my time. I know I could do this in the desktop version, so I just can't believe there isn't a way to do it in IOLP. If not, the accountant wants me to send it via EFTPS and then I will have to prepare the W2's and 941 manually. Not something I have time for in December or January.
I do hope someone can help...