s corp payroll tax question
I have an s corp and I havent paid any salary to myself. id like to pay the requisite payroll taxes on schedule se.
How do I do this on the corporation side? does the s corp issue a 1099 to me or so i put it as “officers compensation” in the 1120s? or do you do neither and simply pass all income to the individual and then deduct salary from the k1 income and report that salary on schedule se? thanks!!
Unfortunately I am not able to give you tax advice. I recommend that you contact a tax professional who can take a look at your situation and provide you with the best course of action. Check out the resources below to locate a CPA in your area:
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