Waiting for answer This question has not been answered yet. You can hire a professional tutor to get the answer.

QUESTION

I formed a single person LLC (taxed as S-Corp) last August and due to bad advice, failed to run payroll to pay myself any income.

I formed a single person LLC (taxed as S-Corp) last August and due to bad advice, failed to run payroll to pay myself any income. Now, I'm not sure if I can retain all the business earnings from last year in the corp or if I can run payroll this late. Also needed to know how this impacted my ability to contribute to an SEP IRA for 2014.

Show more
LEARN MORE EFFECTIVELY AND GET BETTER GRADES!
Ask a Question