MinhT1
Expert Alumni

Business & farm

EmployEE contributions to the Simple IRA have to be included in their gross wages which are reported on lines 7/8. The total of lines 7 and 8 of your form 1120-S should be equal the Medicare wages in box 5 of your form W-3 (not box 1).

 

The EmployER contribution should be reported on line 17 of form 1120-S.

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