If you have received a lump-sum distribution from a qualified retirement plan, such as a 401(k), or an individual retirement account (IRA), you may need to file IRS Form 4972. This form is used to calculate the tax on the lump-sum distribution, which is a one-time payment of the entire balance of your retirement plan account.

QuickBooks, a popular accounting software, is often used to manage payroll in-house. However, many businesses still want to use QuickBooks to record their outsourced payroll. In this article, we will explore how to record outsourced payroll in QuickBooks, step-by-step.

QuickBooks is an accounting software that helps businesses to manage their finances. One of the features available in QuickBooks is the ability to print 1099-K forms. 1099-K forms are used to report payments made through credit card or third-party payment processors such as PayPal. In this article, we will explore how to print 1099-K in QuickBooks, including the steps involved, requirements, and troubleshooting tips.

QuickBooks Loan Manager is a feature available in QuickBooks Desktop that allows businesses to track and manage loans. It is an effective tool that helps businesses to stay on top of their loan obligations and avoid any missed payments. With QuickBooks Loan Manager, businesses can easily create and manage loans, track payments, and generate reports on loan activity. This article will explore QuickBooks Loan Manager in detail, including its features, benefits, and how to use it.

QuickBooks is an accounting software that is widely used by small and medium-sized businesses for managing their finances. It provides various features like managing income and expenses, creating invoices, generating reports, and much more. However, like any other software, QuickBooks can encounter errors that can hinder the smooth functioning of the software. One such error is the QuickBooks read only error. In this article, we will discuss this error in detail, its causes, and how to resolve it.

If you use QuickBooks to manage your business finances, you may encounter an issue where the balance sheet is out of balance. This can be a frustrating problem that can cause a lot of confusion and potentially lead to inaccurate financial reporting. In this article, we’ll explore the causes of the QuickBooks Balance Sheet Out of Balance Error and how to fix it.

A trial balance out-of-balance error in QuickBooks can be a frustrating issue, but it can be resolved with some simple steps. By reviewing your accounts, checking for duplicate entries, reconciling your accounts, reviewing journal entries, verifying account mappings, and running the trial balance report again, you can identify and fix the cause of the error. With this article learn to fix QuickBooks Trial Balance Out of Balance Error.

Losing QuickBooks data due to hard drive failure or other data loss events can be a major setback for any company. Fortunately, it is possible to recover QuickBooks data files from a hard drive with the right steps. In this article, we will guide you through the process of recovering QuickBooks data files from a hard drive.

IRS Form 8938, also known as the Statement of Specified Foreign Financial Assets, is a form used by the IRS to track the foreign financial assets of US taxpayers. However, the IRS requires taxpayers to report these assets to ensure compliance with tax laws. Taxpayers can seek the assistance of a tax professional if they are unsure about how to file IRS Form 8938 or if they have any questions about their foreign financial assets.

FATCA, or the Foreign Account Tax Compliance Act, is a United States federal law that was enacted in 2010 as part of the Hiring Incentives to Restore Employment (HIRE) Act. FATCA was designed to combat tax evasion by U.S. taxpayers who hold financial assets in foreign countries. Learn more about FATCA in this podcast.