In my S Corp, we put $19,000 of employee deferral and had health insurance so my amounts won’t match box 3 and box 5. Do I need to include a statement to irs explaining this?example:
salary 22,000
employee deferral $19000
health insurance $3000 so box 1 $6,000 box 3&5 $22,000
on the amount asking for wages- id put $25000. Do I need to attach statement to irs explaining why the W3 wages and my input don’t match or can they automatically figure this out? It has red flag on bottom to make sure they match.
