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Get your taxes done using TurboTax
I highly recommend you sit down with a local bookkeeper to get educated on how the "pass thru" nature of the S-Corp really means. Cutting yourself a formal paycheck is not really needed but reporting that you did is what is the important action. If you never move a dime to your personal account you will still have the same result on the 1120S in the end.
‎January 12, 2021
5:46 PM