Sage 100

Just got off the phone with a client who has been in touch with the IRS and says their Schedule B was wrong all last year from the New Hire people - it was supposed to show liability, not payments (liability would be less because of the New Hires). The IRS lady says QuickBooks didn't do it right, either, among several other accounting packages. Client is on the hook for penalties, but no taxes, and is snorthing. Anyone else had any feedback re this yet?

And the IRS took six plus months to let everyone know there was a problem? If Quickbooks screwed up, I would question why there should be any penalties. Did the IRS publish any guidelines for the major software publishers to follow?

We had to do all of our Schedule B's in a payroll tax form software I use called Super Forms so the Schedule B reflected what the liability should have been. For the MAS clients, I did a query on the check history file so it made it go a lot easier. By the time the accounting software companies got the updates out, it was too late for I believe the second and third quarters. If you go back on the front page of the 941, the Schedule B had to be that way in order for it to add back into a credit status. Between that and the Cobra extension and the FUTA for Michigan also changed on the annual return, it made the payroll taxes for 2010 a LOT of fun ;)