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Business & farm
Yes. You really wanted to start payroll when you started the S corp and run all payments through the S corp.
Make sure you ask the tax pro whether the late 940's are subject to penalty relief. See here. Be advised that any IRS penalty relief does not address local UC penalties.
It is good to know about Penalty Relief Due to First Time Penalty Abatement or Other Administrative Waiver as you go through this process.
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March 17, 2022
8:09 AM