NW Accountant
Level 3
08-30-2021
03:25 PM
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Hi there!
An S-Corp has not filed a return since 2013. The client is now needing to get caught up and is asking me for help. I know that an S-Corp shareholder is supposed to take a reasonable wage but what do you do if the years have already passed and they never took a wage? All the way back to 2014!
Do I need to worry about any years that she incurred a loss?
Thanks in advance!