Get your taxes done using TurboTax

Ok ... you really should talk to a local tax pro or payroll company but here is the short version:

 

On the 1120-S you will enter :

>wages as reported on the W-2 paid to all employees and  owner on separate lines

>payroll taxes the company paid on the wages paid to employees ( this is the portion of the FICA taxes paid by the company and NOT the amounts withheld from the employees wages as reported on the quarterly 941 forms) plus any FUTA & SUTA taxes paid by the business on the wages

 

If you have not properly been filing quarterly and annual payroll tax reports ( forms 940, 941, state forms) then RUN to a local professional to be educated ASAP.