Tax Law (Questions About Taxes)/1125A 1120S question


Greetings from a fellow expert on All-Experts (Excel category).

I'm preparing my first 1120S for a new Veterinary Practice I purchased in 2014.

My question is, does it matter where I put non-shareholder/non-officer wages?  

I see a spot on 1125A for Cost of Labor (not sure this applies to service industry or not - the IRS instructions for 1125A actually skip line 3 - weird).  I could put them there, or I could alternatively put them on line 8 of 1120S, Salaries and Wages.  

Maybe the IRS actually doesn't care as long as I am consistent from year-to-year and as long as I don't, obviously, list it in both places :).

What is your opinion on the matter?

Thanks a bundle!

You don't get it moron

Would you want me to suture my dog because I got it half right and was close to finishing the do it at home vetsion...

No. I have antibiotic problems. Maybe other injuries.  Etc.  You would want to see my dog before you told me how to stitch her ip.

Similarly.  Yu ou likely have serious other shit wrong that you need help with and someone needs to take off the rose color glasses and be honest.

If you own a vet office without having a local cpa to help you and you think turbo tax is a great answer. Yiu are narrow minded... and cheap.

I can _guarantee_ this one tiny item is not the only tax issue for which a cpa could help you with.  Planning. Tax savings. Tax minimization. Etc

What state are you in?  

Tax Law (Questions About Taxes)

All Answers

Answers by Expert:

Ask Experts




Tax and general business including hospitality related (hotel mgmt degree and experience in industry prior to obtaining ms tax and cpa).


19 years cpa. ms tax. NOTE: My discussions are only a general information and do not constitute tax advise without entering into a specific agreement and executing an engagement letter; This free chat is nothing more than general information and should not be construed as tax advice nor does my response or replies imply an agreement to provide client specific advice or other guidance for purposes of avoiding IRS tax or penalties and should not be relied upon without your own validation and confirmation of the how the discussion may fit your facts... Not having all the facts and/or not having a direct client relationship prevents me from providing the most accurate replies as possible and I highly suggest using a local CPA to provide you with written advice and guidance. Taking matters into your own hands is much akin to trying to land an airplane without a license. It is easy to FLY a plane, but LANDING is when critical experience is key. In short, caveat emptor; do your homework and don't just rely on free chat board advice anywhere, anytime.

AICPA, CSCPA (Ct society), National Tax,

a bunch.

MS tax and other post graduate coursework

Awards and Honors
variety including Summa Cum Laude

Past/Present Clients
I don't disclose or kiss and tell

©2017 All rights reserved.

[an error occurred while processing this directive]