QuickBooks Employee Direct Deposit Form: Understanding Additional Conditions and Restrictions
As a QuickBooks user, you may be aware that additional conditions and restrictions apply when using the employee direct deposit form. Intuit, the provider of QuickBooks, cannot assist in resolving notices from the IRS for customers who are in Collections with the tax authority.
If you receive a tax notice and forward it to Intuit within 15 days of receipt, they will cover the payroll tax penalty up to $25,000. However, this benefit is only available to users of QuickBooks Online Payroll Elite.
It's essential to note that guarantee terms and conditions are subject to change at any time without prior notice. As a QuickBooks user, you can rest assured that if your provided information is accurate and timely, and you have sufficient funds in your account, Intuit will file your tax forms and payments accurately and on time or pay the resulting payroll tax penalties.
One of the key benefits of using QuickBooks Online Payroll Core, Premium, and Elite is the accuracy guarantee. This means that Intuit assumes responsibility for federal and state payroll filings and payments directly from your account(s) based on the data you supply.
It's also important to note that money movement services are provided by Intuit Payments Inc., which is licensed as a Money Transmitter by the New York State Department of Financial Services. For more information about these licenses, please visit the Intuit Payments website.
By understanding the additional conditions and restrictions surrounding the employee direct deposit form in QuickBooks, you can ensure a smoother payroll processing experience for your employees.
