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Level 2
posted Feb 4, 2023 5:44:46 PM

Should I amend my 1120-s ?

We have an S-corp with two owners (51% & 49% stake). No other employees or shareholders. I incorrectly included both of our W-2 wages in line 8. I believe this should have be included in line 7. Our total deductions remains the same and nothing else on the form will need changed.

 

Is this worth sending an amended 1120-s?

 

 

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1 Replies
Level 15
Feb 4, 2023 5:46:15 PM

No.