Welcome back! Ask questions, get answers, and join our large community of tax professionals.
cancel
Showing results for 
Search instead for 
Did you mean: 

C Corp hasn't taken salary, personal income options.

llunaevo
Level 1

A client came to my office, he has a C Corp but hasn't been taking a salary. He has withdrawn money from the business. In previous years a preparer filed his income taxes and business income under a Sch C, so the corporation hasn't filed in years. What would be a practical way to solve this for this year? How do we get income from the company to him for 2018 so he can file his personal tax return? And of course he'll have to correct the situation for 2019.

Thank you

0 Cheers

This discussion has been locked. No new contributions can be made. You may start a new discussion here

1 Best Answer

Accepted Solutions
IRonMaN
Level 15

W-2 and file some late payroll tax returns


Slava Ukraini!

View solution in original post

0 Cheers
3 Comments 3
IRonMaN
Level 15

W-2 and file some late payroll tax returns


Slava Ukraini!
0 Cheers
llunaevo
Level 1
Can we do a single 4Q payroll return and include the entire salary in it? Thank you
0 Cheers
IRonMaN
Level 15
Technically no, but I’m not signing the returns :smile::smile:

Slava Ukraini!
0 Cheers