SharonAnn
Level 2
01-22-2020
03:41 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Ok yes , I totally agree that they should not be a Corporation.
I also agree that the withdrawals/checks were pay. But I am seeing that they cannot deduct this type of pay as an expense on form 1120 line 12. I believe they can only deduct W2 wages as a busienss expense on line 12 for form 1120 and not the cash withdrawals.