qbteachmt
Level 15
12-07-2019
01:52 AM
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@xuan150279
You've asked this a number of times, and every answer has been the same:
There is never a 1099-Misc issued to the Shareholder of their own entity.
The Shareholder working for the entity gets paid through Payroll. That is Required.
You need to Unrecharacterize the distribution and File payroll reports and pay taxes late for 2018 to comply with the rule of required Reasonable Compensation for that person.
The S Corp files taxes using 1120S. There is no Sched C.
You've asked this a number of times, and every answer has been the same:
There is never a 1099-Misc issued to the Shareholder of their own entity.
The Shareholder working for the entity gets paid through Payroll. That is Required.
You need to Unrecharacterize the distribution and File payroll reports and pay taxes late for 2018 to comply with the rule of required Reasonable Compensation for that person.
The S Corp files taxes using 1120S. There is no Sched C.
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Don't yell at us; we're volunteers
