During the "e-filing" part of the TurboTax Business software I was given the follow 4 questions with no explanation from TurboTax:
The IRS requires the following information when filing electronically.
1. Claiming Officer Compensation in this return (Yes/No)
2. Number of Officers with Compensation (expects a number)
3. Number of Employee W2s issued for 2023 (expects a number)
4. Informational Returns (W-2, 1099, K-1's, etc.) filed under the return employer ID number (Yes/No)
I am the only owner/officer/employee of my S corp and issued myself a W-2. Can someone please confirm that the 4 answers are: Yes, 1, 0, Yes
Can you further explain why number three doesn't say OTHER than the owner/employee (since W2 owners are employees of their company)? It makes me uneasy about selecting 0 since a W2 was in fact issued. Or is that what question 4 is for, to say there was a W2 issued to the officer? And what does "return" employer mean? Confused about the word return there. Can someone please explain. Yes I know there is another thread where others have asked about this page but my particular questions are still not answered so I would appreciate any help since the deadline is soon!!
