IRonMaN
Level 15
11-23-2020
07:46 PM
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"Similar situation. If CPA recommends using a 1099 for owners compensation for a single person s-Corp, is the CPA liable for this mistake?"
Hopefully the CPA has his professional liability policy paid up to date.
If owners comp is listed on 1120 line 7 and then on schedule C, how is this classified?
The question can't be answered since that would not be an acceptable route to prepare either return.
Slava Ukraini!