PEO

We use a PEO to pay our employees. This means we do not have salaries, employer liabilities such as FICA or FUTA, officer salaries, etc. Do we list this a common business expense?

posted

Yes.

You can list the expense as PEO fees.

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My w2 has 'PEO V', 'PEO M', and 'PEO D' in box 14. When imported into turbo tax, it put the value of 'PEO D' in box 7 and left the other two in box 14. Is this correct?

in Business & farm

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