I appreciate your attention to detail and effort in resolving the overpayment in your Form 940, vgardner218. Rest assured, I will provide easy-to-follow steps on creating a Journal Entry (JE) to account for the overpayment on your 1099.

The overpayment you're observing is attributed to penny-rounding differences that often occur during payroll calculations. While the IRS generally focuses on amounts rounded to the dollar and may overlook these minor discrepancies, you can create a JE to account for this.

This entry will involve debiting the FUTA and crediting the appropriate expense to correct the difference, allowing you to submit your Form 940 successfully. Here's how:

1. Navigate to the Company menu.
2. Select Make General Journal Entries.
   
3. Fill out the fields to create your journal entry.
4. Click Save & Close once done.

I recommend consulting with your accountant regarding these adjustments. They have the expertise about overpayments and ensure that everything aligns with your financial records.

If the issue persists, I recommend contacting our QuickBooks Desktop (QBDT) Support team. They have the tools to perform screen sharing and can help review the specific calculations related to the penny difference on your Form 940.

Additionally, you can refer to this article if you need to amend a tax return in QBDT for accuracy: File a corrected Federal Form 941 and 940 in QuickBooks Desktop Payroll.

I’d also like to share a helpful resource that outlines important deadlines and a list of payroll forms you need to prepare: Year-end checklist for QuickBooks Desktop Payroll.

Please know that the QuickBooks Community forum is here to support you on your journey. I am dedicated to ensuring you're successful with filing your 940-tax form. If any inquiries come up, remember we’re only a click away.