S-corp

Jan 17, 2018

  1. Heist
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    Heist New Member

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    Thanks for sharing. Does your CPA use your 1099 amount to file your s corp tax? Or just what is deposited by the carriars. I always thought the income filed for the s corp have to be the same as what 1099 reflects. So I've been reporting the 1099 sum only and not what was deposited and it's messing up everything.
     
    Heist, Mar 9, 2019
    #11
  2. sshafran
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    sshafran Guru

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    State:
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    Actual deposits.
     
  3. russelltw
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    russelltw Guru

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    You assign your commissions to your company. Had the IRS send me a letter about it and my CPA said to write a letter saying those commission for me personally were paid and accounted for in my corporate tax return. I included the corp tax id in the letter. Never heard anything back from them.
     
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