Question
Zoe is a 50% owner of Hats by Zoe, an S corporation. She receives wages for services to the S corporation. Which tax documents should
Zoe is a 50% owner of Hats by Zoe, an S corporation. She receives wages for services to the S corporation. Which tax documents should she receive from Hats by Zoe?
Schedule K-1 (Form 1120-S) for her share of income and deductions and Form 1099-DIV for her wages.
Schedule K-1 (Form 1120-S) for her share of income and deductions and Form W-2 for her services.
Form W-2 for her wages and Form 1099-DIV for her share of income.
Form 1099-NEC for her wages and Form 1099-DIV for her share of income.
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The answer is Schedule K1 Form 1120S for her share ...
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, And Terry D. Warfield
13th Edition
9780470374948, 470423684, 470374942, 978-0470423684
