I have struggled to get my question answered so I am creating a separate thread to clarify. Please read carefully.
I am an LLC who elected SCORP status with the IRS. I am a single member LLC that paid the only >2% owner (ME) via W2. I have filled in my SCORP return using Turbox Tax for business.
During the "e-filing" part of the program I was prompted with the follow question:
"The IRS requires the following information when filing electronically.
Claiming Officer Compensation in this return (Yes/No)
Number of Officers with Compensation (expects a number)
Number of Employee W2s issued for 2019 (expects a number)
No instructions, no reference as to how to fill in, and no idea where this information is saved in the return.
Since I dont have officers I am struggling with whether to say I did or did not have officer compensation. Especially given the fact that W2/%Ownership information already exists elsewhere in the return.
I suspect I need to answer: Yes,1,1 ... but the fact that I dont have Officers is throwing me.
I really need guidance on that question and its relevance to my situation including information on why its being asked at the last minute in the return.
Thank you
