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Level 2
December 7, 2019
Solved

Wage and payroll expense for a partnership include W2 wages paid out to them (not a Guarantee payment). How should I show this on the 1065?

  • December 7, 2019
  • 1 reply
  • 9 views
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Best answer by IRonMaN

Partners don't get W-2s.  Either have them go back and amend payroll tax returns and W-2s to reverse their screw up or list it as regular wages on the 1065 and threaten them with bodily harm if they ever do it again.

1 reply

IRonMaN
IRonMaNAnswer
Level 15
December 7, 2019

Partners don't get W-2s.  Either have them go back and amend payroll tax returns and W-2s to reverse their screw up or list it as regular wages on the 1065 and threaten them with bodily harm if they ever do it again.

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