Should payroll taxes be listed in the 1120-S p1-2 Box C1? If so what should be listed? Federal Income, Social Security, Medicare; and State Income Tax Witheld? S Corp

[pdiaztorres]

This is for an S Corporation homebased in MD, owned by husband 49% and wife 51%. Only husband gets $40K salary and $10K SEP Retirement contribution. Wife gets no executive compensation as is not active.

[PatriciaV]

The items to report for Payroll Taxes include only those actually paid by the employer. Specifically, the employer portion of Social Security and Medicare.

Tax withheld from employee wages are not expenses to the employer. Be sure you do not include Federal or State income taxes, nor the employee portion of Social Security and Medicare.

[pdiaztorres]

thanks, according to this post <a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/4195614-i-need-w-2-and-w3-forms-can-i-get-them-from-turbotax-2018"...> the quick employer forms can generate a w3; however, I already created a w2 and efiled it (status accepted) and never saw a w3 option, where do I find it?.  I tried uploading a w3 form into the QEF but could not.  Also what form do I use to pay and file the employer portion of SS and Medicare. Should the 12.4% and 2.9% be paid with the 941 form?  Also should I include FUTA in the Payroll employer taxes breakdown?  How much is the employer portion?  (calculation is 6% on first $7K for 2017 = $420 for the year). how do i pay and file this tax and what is the employer portion?.  Also if the annual salary is $40K year and this was the basis for calculating all the payroll taxes; what is the total salary that should be listed as the total salary expense? A) $40K plus B) employer portion of payroll taxes? and C) employee withheld taxes?  A)+B)+C) OR A)+C) or A)+B)?

[PatriciaV]

Yes, the gross wages would be reported as your Payroll Expense. Do not include the any payroll taxes in this amount. However, FUTA would be included with your other employer-paid payroll taxes. Employee-paid taxes are not reported on your business tax return.

If you have already prepared and filed a W-2, the service you used would have created a W-3 as well. It's possible that the W-3 was e-filed. Check with the filing service you used. If it was Quick Employer Forms, sign into your account here: <a rel="nofollow" target="_blank" href="https://quickemployerforms.intuit.com/signin.htm">https://quickemployerforms.intuit.com/signin.htm</...>

Unfortunately, this is not a payroll forum, so we're unable to answer questions about filing payroll taxes or payroll forms. You may wish to post your questions to the Quickbooks support forum here: <a rel="nofollow" target="_blank" href="https://community.intuit.com/quickbooks-online">https://community.intuit.com/quickbooks-online</a>.