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Thanks but I did not get may answer, since box 3 is more than box 1
I am going to file my S-Corp 1120-S, and I have a w-2 with 401-k from s-Corp which me as an employee contributed for 401-K not as employer ( S-Corp) I have some questions:
1- Should I enter box 1 amount for compensation for officer or box 3
2- For IRS side my reasonable compensation is box1 or box3?
please just answer in front my of question, really appreciate I am in rush to file before 17 March
March 14, 2025
6:15 PM