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Message Boards Digest

January 19, 2021

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HarleyBabe created a topic in 401(k) Plans

S Corp, Single Company, 401(k) Withholding for Owners

"I have a solo company, landscape company. It's an S Corp. Takeover plan, CPA has been allowing the owners to withhold after year end stating they have until 4/15 but then going back and adjusting their W-2's. From what I have researched, if it's S Corp, they have to take the withholding from their reasonable compensation by 12/31. Am I correct?"

2 replies   |    37 views   |    Add Reply
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