My situation is related... but I don't even know where to start.. I am sole owner of an S-Corp and issued a 4Q 941 for my wages and included withholding. However, on my 1120S my wages are listed as Compensation to Officers. Now the IRS says I have credit for the withholding taxes amount because my 1120S doesn't show any wages... because my wages are under Officers Compensation. Not sure how to proceed. They are asking if I want a refund, but I'm not sure I'm entitled to it. I don't want to submit a 941-X showing no wages, (even though I never really paid myself) because I included the withheld taxes on my personal 1040. Help! Not sure how to proceed.
