qbteachmt
Level 15
03-17-2021
11:01 AM
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Here is more answer to your confusion:
There is no such thing as Estimates Payments for 1120S S corp, because that is supposed to be a payroll event for the shareholder-employee. The rest is passed through to the shareholders on the K-1 for their reporting of taxable income personally.
There is no such thing as Estimates for the EIN, in this scenario.
But we never established how this can be a Coopreative Association on the 1120C as well as the S corp and the Schedule C. You cannot switch to Schedule C and ignore the S Corp, unless you closed it out.
You have too many conflicting things in the first part of your topic here. I am sorry it won't be resolved.
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"Level Up" is a gaming function, not a real life function.
"Level Up" is a gaming function, not a real life function.