Anthony C
Level 1

SMLLC filing on Schedule C is on Payroll for the company. I file the W-2 in wages then include that payroll as normal on Schedule C so they are not double taxed for the SE Tax?

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IRonMaN
Level 15

Schedule C owners don't get paid wages.  Sounds like some amended payroll tax returns and an amended W-2 is going to keep someone busy for a little while.


Slava Ukraini!

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Anthony C
Level 1
Prior accountant never filed F2553 in 2016 so they did intend to be an S Corp. I am weighing different options at this point because filing the late election may not be feasible.
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qbteachmt
Level 15
What was intended 3 years ago is sort of moot, now. If they are not a corporation and are filing Sched C, you never have payroll for the owner.
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George4Tacks
Level 15

Amend every payroll return and W-2 and leave the income as gross income on the Schedule C. 


Answers are easy. Questions are hard!
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