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S corp owner pay
In 2021 I registered my company as an LLC. Last year I filed the form 2553 to be treated as an S-corp in 2022. I didn't know that I had to pay myself through payroll and pay quarterly taxes. Even though my company had losses in 2022 I was able to pay myself, because I had income in 2021 when I was LLC and paid taxes, so the money I paid myself was tax free. Any advice for my situation? Thanks
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‎February 6, 2023
10:02 AM