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I have made the mistake of having my s-corp clients issue
i have made the mistake of having my s-corp clients issue themselves a 1099 as compensation in the past not realizing this was not allowed... is this going to be a big issue? I'm trying to get everyon… read more
Robin D.
Robin D.
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I was just talking to you about a CPA is there one I can
hi i was just talking to you about a CPA is there one I can talk to now … read more
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Multi State Taxation 1. Taxpayer is incorporated in one
Multi State Taxation1. Taxpayer is incorporated in one State and also has certificate of authority to work in another state. However, entity has employees and processes and files payroll tax return in… read more
Lane
Lane
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I have a C Corp and I own the sole owner. I am now preparing
I have a C Corp and I own the sole owner. I am now preparing my business and personal returns for 2016. I want to pay myself compensation on W-2 which I did not file with the IRS yet nor did I pay pay… read more
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James Daloisio
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I was a sole prop in 2016 (tax year). Starting January 1,
I was a sole prop in 2016 (tax year). Starting January 1, 2017, I am the sole shareholder of an S-Corp. Since I'm no longer an employee, I'm wondering if they calculate late fees for not filing quarte… read more
Robin D.
Robin D.
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I have a client, who is a 49% shareholder in an S-corp. The
I have a client, who is a 49% shareholder in an S-corp. The other shareholder is 51%. My client had no involvement with the day to day business with the exception of investing money. The majority part… read more
Lane
Lane
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I'm trying to help out a friend who has a completely screwed
I'm trying to help out a friend who has a completely screwed situations. In years past he had his business as a LLC one-member; then he formed an enitity in 1/1/2016 as an S-corp, where he was he sole… read more
PDtax
PDtax
Owner
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I have a NV S-Corp, income 2015 about 100k. Desire to pay
I have a NV S-Corp, income 2015 about 100k. Desire to pay myself and wife payroll of $22,050 to provide for another SS qualified income year. So far I have taken cash distributions but have not issues… read more
Lev
Lev
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I just received s-corp approval single member LLC and want
I just received s-corp approval for a single member LLC and want to do quarterly payroll. I'm wondering with it being this late in the year what's the best way to reflect a 'reasonable salary' through… read more
Lev
Lev
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Bachelor's Degree Equivalent
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I have a S corp, when it was changed to an S corp the IRS
I have a S corp, when it was changed to an S corp the IRS issued a new EIN, some of my former customers used the old EIN last year. This resulted in two EIN numbers being used for the W-2's issued las… read more
Lev
Lev
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Bachelor's Degree Equivalent
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An S-Corp (1 owner, no employees) did not include health
An S-Corp (1 owner, no employees) did not include health insurance premiums in box 1 of the owner's W-2 in 2014. I assume the 2014 W-2 should be amended to include in box 1, or is there a work around … read more
Lev
Lev
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Hi all...I am a CPA, and have a single shareholder, s corp.
Hi all...I am a CPA, and have a single shareholder, s corp. He recorded his s corp income on his schedule C - subject to SE tax. The IRS is now looking for 1120S returns. He has not been on payroll. W… read more
Lev
Lev
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I have an llc and in September I elected to files an S corp
I have an llc and in September I elected to files an S corp but didn't know about the quarterly filings. so now I want to reverse it back to just an llc. Is that a problem and can I do that?… read more
R. Klein, EA
R. Klein, EA
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What IRS code do I need to work under while starting a business
What IRS code do I need to work under while starting a business taking a care of geriatric(s)-family member. I will be paid by my alzheimer's aunt's sister. I am responsible for insurance. Caretakers … read more
William Ellis, CPA
William Ellis, CPA
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HI, i am having great difficulty with the 2008 1040;s . I
HI, i am having great difficulty with the 2008 1040;s . I have never seen 1120 compenstaion to officers passed through to the personal 1040 sch C as was done in my case. It was done right ?… read more
RD
RD
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I am a independent contractor with a S corp. Last year I pay
I am a independent contractor with a S corp. Last year I pay myself cash, didn't withold any tax. The income of S corp is 40K, expenses 30K. can I issue myself a 1099? and pay myself 5K on 1099? then … read more
RD
RD
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1,164 satisfied customers
I have a s-corp and we had a pretty large profit in 2008.
I have a s-corp and we had a pretty large profit in 2008. I realize that shareholders should have taken a salary but didn't. I have set us up on a salary for 2009 and am paying payroll taxes. Would yo… read more
Cassandra
Cassandra
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Bachelor's Degree
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S corp has one shareholder and I did not pay a salary
S corp has one shareholder and I did not pay a salary can I issue a 1099 for $15,600.00 or should I pay taxes and issue a w2?… read more
RD
RD
Self Employed
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