Costs of goods sold for c corp return.

Should I enter the employee salary under cost of goods sold as well. I read that what was paid to the employee needs to match the costs of goods sold.

posted

No. Salaries and wages should be entered in the salaries and wages section.

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You can include direct costs of labor (i.e., labor costs directly related to the production of merchandise) on Form 1125-A.

However, ensure that you do not also include the same costs as an expense (salaries and wages) on Form 1120.

I'm just trying to refile my return. I can't afford to pay now , not even the cost they want to charge me for doing them. What do I do?

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Costs of goods sold for c corp return.