I use QB Premier 2005, and it prepares 940 (FUTA) with a few thousand $$ in "exmpt payments" Line 2 on the return. The figure is about 3% of the total wage payments, and clearly erroneous. But it has no Breakdown of Exempt Payments" = that form is blank.
WHy is it doing this? How can I find what those figures represent?
In reading the help, it appears I have no items that are truly exempt.
I wouldn't even know how to set up a payroll item as exempt from FUTA.
If I override that to be zero, I owe hundreds of $$ .... feel like the figures in QB are not reliable.
Anyone had this experience?
Any tips on how to track this down and correct it?
