jlcwilliams
Junior Member
What is the name of your state (only U.S. law)? MN
I have a client that I am for the first time filing this tax return. Typically I do only bookkeeping services, but I want to add tax service. After reviewing his last year tax return, I have a question. He has a S-Corp and from my research and what I know I thought he should have a reasonable payroll. But all he has is distibutions. The income is under 10k. Does anyone have any knowledge of this. From what I can tell he has never a payroll check in the last 10 years.
Any thoughts?? I do have a couple local CPA's I am checking with but I was hoping for a quicker response possibly here.
Thanks!
I have a client that I am for the first time filing this tax return. Typically I do only bookkeeping services, but I want to add tax service. After reviewing his last year tax return, I have a question. He has a S-Corp and from my research and what I know I thought he should have a reasonable payroll. But all he has is distibutions. The income is under 10k. Does anyone have any knowledge of this. From what I can tell he has never a payroll check in the last 10 years.
Any thoughts?? I do have a couple local CPA's I am checking with but I was hoping for a quicker response possibly here.
Thanks!