I have Single Member LLC filing taxes as S-Corp (changed tax filing category in Jan 2023).
I supposed to run payroll for myself since filing taxes as S-Corp.
I read that payroll is mandatory if filing taxes as S-cor. Due to some reasons, I forgot and never run the payroll in 2023. Please let me know if there is any alternative as per IRS guide lines. Shall I issue 1099-NEC for myself before end of Jan. Will there be any issues? Thanks!
