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Filing 1120-S. Wages not matching between Quickbooks P&L and payroll tax forms filed with IRS.
Using Turbo Tax Business (desktop) to file 1120-S. A warning pops up that says payroll entered should match payroll forms files with the IRS. I use Quickbooks online, and I entered employee and officer wages (under payroll expenses) as they appear on the P&L report. When I checked the payroll tax forms from for the same period, it is off by around $250. After digging, I discovered the difference is the amount of an employee's pre-tax deduction. Do I need to include a statement because of the discrepancy?
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‎January 11, 2021
7:33 PM