Hello All,
I would appreciate any help available .
I have S Corp starting beginning of 2020. Started doing payrol with an accountant in June 2020. I still pay quarterly estimated taxes. My payrol for 2020 reflects w2 for 6 months only as salary and rest as distribution which I believe does not sound right. What is the best way to circumvent this for tax year 2020. when you start payrol in the middle of the year. I am all set for 2021 at least now.
Thanks
I would appreciate any help available .
I have S Corp starting beginning of 2020. Started doing payrol with an accountant in June 2020. I still pay quarterly estimated taxes. My payrol for 2020 reflects w2 for 6 months only as salary and rest as distribution which I believe does not sound right. What is the best way to circumvent this for tax year 2020. when you start payrol in the middle of the year. I am all set for 2021 at least now.
Thanks
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