Business & farm

Your corporation needs to file a W-2/W-3 at the end of the year plus the annual 940 form  AND quarterly form 941s and any state forms needed.   If you have not been doing this then seek local professional guidance to get the late forms completed correctly.  

 

Once you have completed the corporate form correctly reporting the officer wages and the company paid taxes then anything left over will be reported on the K-1 form.  On the personal return you will enter the W-2 and the K-1 form that are issued to you.