the total of lines 7 and 8 of form 1120S should be equal the Box 5 of W-3. Is it always truth?
if my company pay Health premium insurance for >2% shareholders. It is subject to Federal tax withholding and including in box 1, but it is not including in box 5 of W-3. I added simple IRA to line 7 and end up the total of line 7 and 8 not equal ( it is greater than ) to box 5. is it right? I checked the total line 7 and 8 is equal to the total box 1 and 12a.
