941 taxes refund for 2021
S-Corporation received $65,000+ refund in 2025 for 2020, 2021 payroll taxes paid.
1) I have read that it should not include the employee portion of SS/Medicare. Is that true?
2) Is the employer portion of the refund fully taxable? If so, am I correct in reporting as "other income" on Schedule K
I have not received a full breakdown from the customer, but I assume it will include some taxable interest and should also be reported on schedule K?
