Linds_
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Ahhh ok. Thank you! 🙂
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Yes, we took out $$ as shareholders, but didn't pay ourselves on payroll, that's why I'm not sure where to report it.
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What would be revenue? After all deductions, what was left. Shareholder equity? If I skip over that $$, my balance sheet is messed up.
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It cut me off before I could finish. Hello! You helped me yesterday, and then I discovered I was filing the wrong forms for my corporation. I can't figure out w...
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Yep. I didn't realize it was only personal taxes that got the date extended. Whoops.
Activity Feed for Linds_
- Cheered Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. for Anonymous_. July 16, 2020 11:09 AM
- Cheered Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. for Anonymous_. July 16, 2020 11:08 AM
- Cheered Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. for Anonymous_. July 16, 2020 11:08 AM
- Cheered Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. for Anonymous_. July 16, 2020 11:08 AM
- Posted Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. on Get your taxes done using TurboTax. July 16, 2020 11:05 AM
- Posted Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. on Get your taxes done using TurboTax. July 16, 2020 10:49 AM
- Posted Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. on Get your taxes done using TurboTax. July 16, 2020 9:58 AM
- Posted Re: 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. on Get your taxes done using TurboTax. July 16, 2020 9:34 AM
- Posted 1120 Officer Compensation question... I am filing as a C Corp. I did not pay myself on payroll. My accountant told me it would be ok because we didn't have much profit, it was a new corporation, and we ended up closing the business during the year. on Get your taxes done using TurboTax. July 16, 2020 9:28 AM
- Cheered Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. for Anonymous_. July 15, 2020 9:29 AM
- Posted Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. on Business & farm. July 15, 2020 9:24 AM
- Got Cheered for Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities.. July 15, 2020 9:24 AM
- Got Cheered for Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities.. July 15, 2020 9:21 AM
- Posted Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. on Business & farm. July 15, 2020 9:20 AM
- Posted Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. on Business & farm. July 15, 2020 9:18 AM
- Posted Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. on Business & farm. July 15, 2020 9:10 AM
- Cheered Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. for Anonymous_. July 15, 2020 9:08 AM
- Cheered Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. for Anonymous_. July 15, 2020 9:08 AM
- Cheered Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. for Anonymous_. July 15, 2020 9:08 AM
- Posted Re: I need help with the balance sheet on the 1120s! I'm filing for a business that was closed last year, so the only assets left are cash. No liabilities. on Business & farm. July 15, 2020 9:07 AM