Can I file my s-corp taxes and a personal W-2 together?

[depdawg12]

I have an LLC that is listed as an S-corp (for tax purposes) I have a full time job with a separate company that I receive a W-2 from.  I thought that I could file my personal taxes and my S-corp taxes together.  Is this not true? Do I have to file separately? 

[JulieCo · Accepted solution]

Yes, your personal and business tax returns will have to be filed separately.  

An LLC listed as an S-Corp is considered a separate legal entity and will require its own tax return to be filed -- a 1120S form.  On the 1120S form, you will enter the income and expenses of the business for 2017.  Each shareholder's portion of the income, credits and deductions of the SCorp will be included on a K-1 form, which is used to pass through the income, credits and deductions to their personal return.  

All of your personal income, deductions and credits, along with the K-1 from your SCorp filing will be included on your personal tax return.

TurboTax Business can help you prepare your 1120S form.  TurboTax Business (CD or download)

[jogallego]

Can I use my own W2 personal income from another company and include it in my S-Corp 1120-S, even though is not income from my S-Corp>?  

[VolvoGirl]

No.  You have to file all your W2s on a personal 1040 tax return.  

[jogallego]

Thank you!