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S-corp taxes owed on form 1120s
I filed my 2020 taxes with turbotax business for my S-corp and turbotax premier for personal. I received a letter from the IRS stating that I have taxes due on my form 1120s. If an S-corp is a pass through entity and the company doesn't pay any taxes, how can I have a tax due on an 1120s? Has anyone experienced this before?
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‎October 18, 2021
10:40 AM