This article will assist you with entering officer information and compensation in the Corporate module of Intuit ProConnect.
When total receipts from page 1 on Form 1120, U.S. Corporation Income Tax Return are $500,000 or more, Schedule 1125-E, Compensation of Officers will calculate. If total receipts are less than $500,000, the Schedule 1125-E won't generate, but the compensation total will still appear on Form 1120, page 1, line 12.
To enter officer information:
- Go to the Input Return tab.
- From the left of the screen, select General and choose Officer Information.
- Enter the officer's information for the following:
- Officer Name
- Street Address
- City, State and ZIP Code
- Social Security number
- Officer Title
- Select the plus sign (+) near the top of the screen to add more officers.
To enter officer compensation for each officer:
- Go to the Input Return tab.
- From the left of the screen, select Deductions and choose Deductions again.
- Select Officer Compensation.
- Enter the Amount of compensation for each officer.
- Select the hamburger button (☰) near the top of the input screen to switch to Quick Entry.
To enter a total compensation for all officers:
- Go to the Input Return tab.
- From the left of the screen, select Deductions and choose Deductions again.
- Scroll down to the Salaries and Wages subsection.
- Locate the Officer Salaries subsection.
- Enter the amount in Officers salaries [Override].
To force Form 1125-E:
- Go to the Input Return tab.
- From the left of the screen, select Deductions and choose Deductions again.
- Scroll down to the Salaries and Wages subsection.
- Enter a 2 in Officers schedule (1125-E): 1=when applicable, 2=force [Override].
How to print only the last four digits of an Officer's SSN on Form 1125-E, instead of the whole SSN:
In a corporate return (1120):
- Go to the Input Return tab.
- On the left navigation menu, select Deductions > Deductions.
- Scroll down to the Officer Salaries subsection.
- Enter a 1 in Print last 4 digits of officer SSNs: 1=yes, 2=no [Override].
In an S-corp return (1120S):
- Go to the Input Return tab.
- On the left navigation menu, select General > Officer Information (Miscellaneous).
- Enter a 1 in Print last 4 digits of officers' Social Security Numbers: 1=yes, 2=no [Override].
