On IRS Form 1120 (C-Corp),do you put gross wages paid to employee or net wages paid after withholding? Thank you!

[ilovemycompany]

This is a first year return for a C-Corp.

[Anonymous_ · Accepted solution]

Gross wages, not net after withholding, would be the amount deductible on Line 13.

[Critter]

I highly recommend you seek local professional guidance to get this return filed correctly  AND  to get your books set up properly since I know they are not if you have to ask that question ... if they were a simple P&L and balance sheet would be all you need to complete the income tax return. 

And unless the corp is on a fiscal tax year the return is late and the late filing penalties are adding up.  Please get educated ... it will be worth every penny. 

[ilovemycompany]

Reply to Critter - You know what they say about assumptions. You should know better. The books are accurate. My question was whether the 1120 form wants gross wages on the line or net wages (the amount paid to the employee after employee withholding taxes came out). But, my question was already answered by someone more adept at replying without assumptions. That’s what this forum is for - to ask questions and respond if you can be helpful. Not make snarky, uninformed remarks. Cheers.

[ilovemycompany]

Thank you so much! That’s all I needed to know. Cheers!!

[AmeliesUncle]

I agree with Critter.  The best way to pay the MOST taxes and penalties is to do a corporation returns yourself.