You can delete a Schedule C using these steps:   TurboTax Online While in your return, click on Tax Tools > Tools (in the black bar at the side of your screen).   In the Tools Center, under Other helpful links click on Delete a form. Click Delete next to the form you want to delete and follow the onscreen instructions.  Once you have finished deleting the desired form(s) click the Continue with My Return box (in the lower right of your screen). TurboTax CD/Download Go into Forms Mode by clicking on the Forms icon in the top right of the blue bar.  In the Forms in My Return list on the left, click on the form you wish to open and delete. Click on the Delete Form box at the bottom of the screen. To return to the interview, click on the Step-By-Step icon in the top right of the blue bar.   ... View more

  1.  A W-2.  As the sole owner of a Sub-S corporation, any compensation that the corporation pays you (you have to think of the corporation as a separate entity) is to be reported as wages, on a W-2.    You're supposed to withhold income taxes, and employment taxes (Social Security and Medicare and FUTA) on your wages, and the corporation pays the employer's part of those payroll taxes, and the corporation files quarterly tax returns during the year to report the payroll taxes and withholding and makes payments, usually monthly, with the IRS.   2.  Yes.  See this IRS article:  Reasonable Compensation - Internal Revenue Service   3 & 4.  As part of the 1120-S return, you (or your preparer) will prepare a K-1 for each shareholder.  This information will be entered into your personal tax return. ... View more

To include income reported on Form 1099-K, please follow these steps:    TurboTax Self-Employed (Online) Click on Income & Expenses and then click the Start/Revisit box in the Self-Employment section. Click Review next to your business. On the Here's your [business] info screen, click on the box Add income for this work. On the screen, Let's enter the income for your work, mark the radio button next to Other self-employed income. Includes 1099-K, cash, and checks and click Continue. Enter the amount on the next screen, Tell us about other self-employed income. TurboTax Home& Business (CD/Download) Click on the Business tab  > Continue > I'll choose what I work on On the Let's gather your [business] info screen, click the Start/Update button next to Business Income and Expenses. On the screen, Let’s gather your business info, in the Business Income and Expenses (Schedule C) section, click the Start/Update button.  Continue to the Here's the business info we have so far screen.  Click on the Edit box next to the business.  On the Your [business type] Business screen, in the Business Income section, click the Start/Update box.  On the Business Income screen, click the Start/Update box next to General Income. Enter the amount from the 1099-K on the next screen, Any General Business Income?   ... View more

If your refund was sent back by the bank, then you should go to the IRS website and update your bank information.   To find out the status of your stimulus check, use the IRS  Get My Payment tool.   According to the IRS you can also use the Get My Payment application to let them know your bank account information if they don't have your direct deposit information and they haven't sent your payment.   Please see the following articles for the latest information on the stimulus check:   Everything to help you get your stimulus check as soon as possible What do I need to know about the coronavirus stimulus package? IRS site:  What you need to know about payments ... View more

Please see the following articles for the latest information on the stimulus check:   Everything to help you get your stimulus check as soon as possible What do I need to know about the coronavirus stimulus package? IRS site:  What you need to know about payments ... View more

To find out the status of your stimulus check, use the IRS  Get My Payment tool.   According to the IRS you can also use the Get My Payment application to let them know your bank account information if they don't have your direct deposit information and they haven't sent your payment. Please see the following articles for the latest information on the stimulus check:   Everything to help you get your stimulus check as soon as possible What do I need to know about the coronavirus stimulus package? IRS site:  What you need to know about payments ... View more

The IRS will calculate and automatically send the economic impact payment to those eligible, with no action required for most people. For people who have already filed their 2019 tax returns, the IRS will use this information to calculate and distribute the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate and distribute the payment. The IRS urges anyone who has not filed a tax return for 2018 or 2019 but is required to do so to file as soon as they can and to elect to receive their refund via direct deposit, in order to receive an economic impact payment as quickly as possible. Those who will not receive a refund are still encouraged to file their 2019 tax return to provide the most up-to-date information to the IRS, but this is not necessary if you filed a 2018 return. ​​​​​​​ If you did not have to file a return in 2018 or 2019, and are eligible for the stimulus payment, you can register on the IRS website by clicking here:  Non-Filers: Enter Payment Info Here ... View more

The IRS will calculate and automatically send the economic impact payment to those eligible, with no action required for most people. For people who have already filed their 2019 tax returns, the IRS will use this information to calculate and distribute the payment amount. For those who have not yet filed their return for 2019, the IRS will use information from their 2018 tax filing to calculate and distribute the payment. The IRS urges anyone who has not filed a tax return for 2018 or 2019 but is required to do so to file as soon as they can and to elect to receive their refund via direct deposit, in order to receive an economic impact payment as quickly as possible. Those who will not receive a refund are still encouraged to file their 2019 tax return to provide the most up-to-date information to the IRS, but this is not necessary if you filed a 2018 return.   If you did not have to file a return in 2018 or 2019, and are eligible for the stimulus payment, you can register on the IRS website by clicking here:  Non-Filers: Enter Payment Info Here ... View more

To find out the status of your stimulus check, use the IRS  Get My Payment tool.   According to the IRS you can also use the Get My Payment application to let them know your bank account information if they don't have your direct deposit information and they haven't sent your payment. Please see the following articles for the latest information on the stimulus check:   Everything to help you get your stimulus check as soon as possible What do I need to know about the coronavirus stimulus package? IRS site:  What you need to know about payments ... View more

You're very welcome! ... View more