Can Officer Compensation Be 20210 On Corporate Taxes

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Solved: Does a officer of a C Corporation have to report ...

https://ttlc.intuit.com/community/business-taxes/discussion/does-a-officer-of-a-c-corporation-have-to-report-all-compensation-for-payroll-tax-purposes-or-can-a/00/672234

Jun 06, 2019 · Therefore, if the Officer receives compensation it is subject to employee payroll taxes. However, unlike an S corporation, shareholders and officers are not required to be paid a reasonable minimum compensation.

OFFICER COMPENSATION 1120 - Intuit Professional Tax ...

https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/officer-compensation-1120/00/83132

May 03, 2020 · Officer had $25,000 in "compensation of officers" line 12. If you finished the 1120, YOU need to know what that "compensation" is. In most cases, that means they received wages and have a …

AN OFFICER OF A CORPORATION OR LLC IS A 'STATUTORY ...

https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/

Many accountants unfortunately have developed a technique whereby they pay out a relatively small amount of compensation to corporate officers and withhold taxes from that small portion. The accountant issues a W-2 for the smaller portion. The rest of the compensation is paid out in the form of a bonus and a 1099 is issued.

Solved: C-Corp officer bonus - TurboTax

https://ttlc.intuit.com/community/business-taxes/discussion/c-corp-officer-bonus/00/1653328

Jul 01, 2020 · Here are all the options I'm aware of for compensation: - pay myself a salary, reported on form 1120 line 13 "salaries and wages" - pay myself officer compensation, reported on form 1120 line 12 "compensation for officers" - distribute myself a dividend. I familiar with dividend distributions, and how to report them (1099-DIV, goes on your form ...

Will the IRS accept a 1099-Misc as compensation as officer ...

https://www.justanswer.com/tax/b4bx7-will-irs-accept-1099-misc-compensation-officer.html

Mar 26, 2018 · Welcome to Just Answer. My name is ***** ***** I will be happy to assist you. Using an 1099-MISC for an S corporation shareholder is usually not acceptable and not the correct way.. The IRS will reclassify all 1099-MISC as wages subject to self employment taxes.. If the 1099-MISC is issued (to avoid payroll tax penalties, etc.), the income should be reported on the shareholder's Schedule C ...

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