Thank you.
I couldn't find a knowledgeable accountant who did not charge a big amount of money and was knowledgeable, my business made only $14k last year so it decided to file the tax return this year myself. I had CPA's prepare my previous tax returns and all had errors i.e. all advised against payroll
I filed for extension before the deadline so we should still be good.
Will it cause trouble if we did not have payroll?
In this case, what would I select in 2019 Distributions to Shareholders, under Other than salaries and loan, did the corporation give any money or property to any shareholder this year?
- Yes, the corporation made distributions to shareholders in 2019.
- No, the corporation did not make any distributions to shareholders during 2019.
