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Chapter 21. QuickBooks and Payroll Taxes > Reports That Help with Tax Correctio...

Reports That Help with Tax Corrections

As mentioned earlier, when paying taxes with QuickBooks, the process is mostly a matter of stepping through dialog boxes, clicking Next, and verifying the numbers used to generate the payments. The same goes for creating tax forms. You answer a few questions about special circumstances, previous payments, and such, and examine the figures that QuickBooks presents. The trouble is, what if you sense that something is amiss? How do you track down the error? Do you have reports that break down the figures for you, perhaps paycheck by paycheck? Yes, you do.

You have essentially three reports that break down the amounts that you’ve deducted from each employee’s paycheck, contributions, and prior payments, as well as reports that specify your company’s total tax liability for any given period of time. They are listed as follows (the reports might have slightly different names depending on the version of QuickBooks that you are using):


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