david3
Level 8
09-27-2024
03:05 PM
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I didn't say I wanted to take away the credit. I was asking why PS didn't automatically adjust the related expense for the amount of the credit, as required by the IRS.
I found out that we have to manually reduce the payroll tax amount on Sch C by the amount of the credit.
It doesn't make sense that PS automatically makes the adjustment for 1065s and 1120S, but not Sch Cs.