cbfreeze
Returning Member

Business & farm

I am the sole owner of a C Corp and I run the corporation on my own. Do I need to put officer compensation? This is my first year therefore no payroll taxes were filed during the year as I was not aware of how the officer compensation works. Can I pay myself through 1099-MISC rather than a W2?

 

Since i did not do payroll taxes, what is the way to report any income to myself?