Tax Liability

The Tax Liability tab displays all information regarding the Tax Liabilities and Deposits for the company. You can filter the kind of information shown on this screen.

 

For Covid-19 information, please see: COVID-19 Credits and Calculate Covid-19 Credits

The Tax Liability Filters section lists several filters that you can use to determine what liabilities display in the Tax Liability.

Table 2-253: Tax Liability Filter Fields
Field Description
Company Name of the company for which the liabilities are displayed.
EIN Employer Identification Number.
Deposit w/ Enter a valid Deposit With Value (FITW, any two digit state code) to view information for that Deposit With code.
Current Quarter / Prior Quarter / Current Year / Custom Radio buttons used to specify the timeframe in which to display checks for. If you select Custom, the From and Thru fields activate and allow you to specify a custom range.
Show Detail check box specifying whether to display component tax information related to the tax liability(s) or deposit(s).
Liabilities, Deposits & Credits / Liabilities Only / Deposits Only / Credits Only Determines whether to display checks with Liabilities, Deposits and Credits, or one of each.

The Tax Liability Table displays information regarding the tax liability for a specific paycheck.

Table 2-254: Tax Liability Table Fields
Field Description
Co # Number and name for the company.
Name Name of the tax liability.
EIN Employer Identification Number.
Dep W/ Enter a valid Deposit With Value (FITW, any two digit state code) to view information for that Deposit With code.
Tax Name of tax applied to the liability.
L/D Determines whether it is a liability or a deposit. An L indicates Liability and a D indicates deposit.
Liab Date Date in which the liability went into effect.
PR Priority number. The lower the number, the highest the priority.
Due Date Date in which the tax liability is due.
Amount Amount of money that is to be paid for the tax liability.
Taxable Amount of money that can be taxed from the liability.
Capped Maximum amount of money that can be paid for the tax liability.
Notes Any miscellaneous notes regarding the tax liability.