Ask Experts Questions for FREE Help !
Ask
    revshelton's Avatar
    revshelton Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Feb 28, 2008, 06:08 AM
    Owner of business w2, w3
    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
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 16, 2008, 01:40 PM
    Yes, you should generate a W-2.
Not your question? Ask your question View similar questions
 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

Business Owner needs 1099 procedures [ 2 Answers ]

Thanks in advance for taking the time to read my post. I am a partner in a small business with approx. 15 employees. When I 'bought into' the business, I was, and still am, quite uneducated about the tax end of the business... I am in charge of the day-to-day operations. I was told that at the...

Business Owner needs 1099 procedures [ 1 Answers ]

Thanks in advance for taking the time to read my post. I am a partner in a small business with approx. 15 employees. When I 'bought into' the business, I was, and still am, quite uneducated about the tax end of the business... I am in charge of the day-to-day operations. I was told that at the...

Self-employed,independent business owner and unpaid settlement [ 1 Answers ]

I am looking at a neverending black hole of debt after signing the disolution my ex-monster wanted!:( I was advised that the settlement I was getting was the best I could do without having the money for a full blown,2 year knock down drag out divorce! Neither were my choice. I was assured that my...

Business Being Named the Same as Another Business and Registering a Business [ 3 Answers ]

What if mt business name is taken and how do I register my company or business? :)

Who is the real owner of the business [ 3 Answers ]

The case Sal start his business and get prospered n incorporated his company to SAL & SON private limited com. The company started with a paid up capital of RM100, 000. He held 99,998 shares of RM1 each, which he paid for by setting-off against the price of the business which he had...

View more questions Search