09-03-2008, 04:01 PM
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 Re: Where to Report 1099 Income on 1120S? nish wrote: - quote - > Should consultant 1099 income be reported on line 8 of the corporate 1120S
amalgamated with wages. Report separately with other deductions.> tax form, grouping it with W-2 salaries and wages? Or should it be > reported on line 19, grouped with other deductions with an attached > statement of expense accounts?. > Assume that that amount of such 1099 payments is less than 1% of the > company's expenditures. > nish Doesn't matter what we assume, total of these payments do not belong ChEAr$, Harlan Lunsford, EA n LA -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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#-1
09-03-2008, 02:52 PM
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| Where to Report 1099 Income on 1120S? Should consultant 1099 income be reported on line 8 of the corporate 1120S tax form, grouping it with W-2 salaries and wages? Or should it be reported on line 19, grouped with other deductions with an attached statement of expense accounts?. Assume that that amount of such 1099 payments is less than 1% of the company's expenditures. nish -- << ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- > |
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| 1099, 1120s, income, report |
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