Wes S2
New Member

Get your taxes done using TurboTax

This solution does not work.  It just throws something else out of balance. The only choice seems to be to make federal taxes paid part of retained earnings, which makes absolutely no sense.  The program is truly terrible.  By the way, my corporation is subchapter S, not subchapter C, but the problem is the same.  TurboTax does not account for federal taxes paid impacting retained earnings. It is a major flaw in the program.