Business S Corp Form 1120-S - Salaries and Wages Employee
Wages and salaries paid should be entered on Form 1120S, Line 8, Salaries and Wages. Payroll and state taxes paid should be entered on Form 1120S, Line 12, Taxes and licenses. Follow the steps below to enter this information in your tax return.
From your TaxAct 1120S return (Online or Desktop), click Federal
Click Review next to Salaries and Wages
Enter the total salaries and wages you paid to your employees and then click Continue
Click Review next to Taxes and licenses
Click Review to review a previously created state taxes worksheet or click +Add State Taxes and Licenses to create a new state taxes worksheet or click Review to review a copy already created
Enter any applicable state tax information and then click Continue
Click Continue twice, then enter any applicable payroll taxes
Was this helpful to you?
Your request has been submitted
You have been successfully added to the TaxAct Do Not Sell list.