As a business owner of an LLC, in 2007 I paid myself as an employee instead of as an officer. Do I issue myself a w2 since the income was reported on my 941s and 940 or do I just report it on the 1065? Should my w 3 reflect my income? Thanks
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As a business owner of an LLC, in 2007 I paid myself as an employee instead of as an officer. Do I issue myself a w2 since the income was reported on my 941s and 940 or do I just report it on the 1065? Should my w 3 reflect my income? Thanks
Yes, you should generate a W-2.
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