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Businesses structured as S corporations can deduct payroll tax expenses on line 12 of Form 1120S. Only the employer portion of payroll taxes, not the employee portion, are deductible for the business.
The IRS Form 1120-S is a tax … Continue reading → The post IRS Form 1120-S: Small Business Taxes appeared first on SmartAsset Blog.
I'm a Small Business Owner. Do I Need an IRS Form 1120-S For My Taxes? Geoff Williams February 16, 2023 at 6:00 AM form 1120s ...
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