IRonMaN
Level 15

"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!