| Personal return:No distribution, only payroll
I opened my business in Oct 2008, an S-corp in Texas, and only paid myself through our payroll service, all taxes taken out and paid. There were no profits or distributions. Do I need to do anything special on my personal tax return? Do I need a K-1 if there were no payouts other than payroll?
Last edited by Waterstone : 05-05-2009 at 07:13 PM.
Reason: include more info
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