ON the federal side, yes, just the 1120_s
You'll also need the GA s-Corp return 600-S
Are there also end of the year forms that need to be completed for the state of Georgia for an S-Corp?
Yes, that's this one 600-S
So those two should be the only two that needs to be completed, correct?
That's it .. most until products do the state 600 right off the federal
The federal unemployment is 940
Oh okay, the other thing we were confused about was the forms and payments that QuickBooks were generating. The one check it is generating was for the IRS for Federal unemployment but it wasn't producing a form to send it with. The 941 we show as quarterly and the 940 for annual. It is producing checks for quarterly for unemployment (federal) but it isn't allowing us to do a form 940 quarterly just annually.
The 940 is an annual form ...
So why would it be generating a quarterly payment if we only file the 940 annually?
Part 5 lets you pu the amounts paid quarterly, but the form is only filed annually
So just send them payment in and not include a form?
Some employees don't always have a liability every quarter
Just send the check in with the account/EIN number on the check?
See this: http://www.irs.gov/uac/Employment-Taxes---Electronic-Filing-and-Payment-Options
Perfect, Thank you very much for your help. I appreciate it.
one more thing... you probably already have this
FUTA tax deposit rules. Generally, you must deposit your federal unemployment taxes on a quarterly basis. However, if your quarterly FUTA tax liability is $500 or less, you don't have to deposit it. Rather, you may carry it forward and add it to your FUTA liability for the next quarter. If your liability for the last quarter of the year (plus any undeposited amounts from prior quarters) is $500 or less, you have the option of either depositing the tax or remitting it with your annual return.
Assuming your quarterly FUTA tax liability is more than $500, you must make your quarterly FUTA deposits by the last day of the month that follows the end of each quarter:
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Great, I think that covers it. You were a lot of help. Have a great afternoon.