BarbaraW22
Expert Alumni

Deductions & credits

No, federal income withholding and employee FICA taxes are reported on the employee's W-2. Per the Instructions for Form 1120s, report the total (or gross) compensation of all officers of the corporation on line 7 of Form 1120s and the total salaries and wages of all employees other than officers on line 8. Please click on Instructions for Form 1120-S for more information (see page 16.)

 

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