useraren
Level 1
02-03-2022
04:01 PM
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Best Answer Click here
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George4Tacks
Level 15
02-03-2022
05:16 PM
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W-2 only is recorded on the 1040. I would be part (or maybe all) of the payroll expense on the 1120S.
Answers are easy. Questions are hard!
IRonMaN
Level 15
02-03-2022
05:33 PM
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If you are asking that question you probably shouldn’t be preparing the corporate return without doing a little more homework first.
Slava Ukraini!
rbynaker
Level 14
02-03-2022
05:40 PM
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A new S Corp client who's already running payroll? That IS impressive.
qbteachmt
Level 15
02-04-2022
02:48 PM
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Yes, you are required to run payroll if this shareholder also works for the company (is an employee). It should already be in the financial record keeping. Don't add it twice.
Get some mentoring.
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Don't yell at us; we're volunteers
Don't yell at us; we're volunteers
useraren
Level 1
02-04-2022
02:58 PM
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Thank you ,
That was helpful and I got my answer .
Thank you for advice
