Which amount to enter from employees' W-2 when filing deductions for an S-Corp? Box 1 or Box 5?

4irelands · ‎June 4, 2019

MinhT · ‎June 4, 2019

Total employees' wages are reported in box 5 of forms W-2. They are deducted as wages in an S-Corp tax return.

The employer's share of FICA taxes are deducted as taxes by the S-Corp.

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MinhT · ‎June 4, 2019

Total employees' wages are reported in box 5 of forms W-2. They are deducted as wages in an S-Corp tax return.

The employer's share of FICA taxes are deducted as taxes by the S-Corp.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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