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Home   Help for Accountants   Training and Resources   Archive: Lacerte - General Forum  
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01/26/2012 at 02:08PM PST
We’ve seen a scam e-mail regarding Intuit tax information floating around today. This e-mail was not sent or authorized by Intuit. If you ever wonder whether an e-mail from Intuit is real or fake, please refer to the link below.

Thank you

http://security.intuit.com/security-alerts.php
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coach252
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10/13/08 10:06am PDT
Viewed by asker 10/22/08 10:40am PDT

S Corp Self employment tax

Taxpayer has suspended loss from S Corp due to basis limitation.

THe basis limitation has been rectified and taxpayer has substantial basis now.

The income less the suspended loss carryover are reflected properly for income tax purposes.

What is the impact of the suspended loss carryover that is being used for SELF Employment Tax purposes

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It would have no effect on SE tax....S Corp income is not SE income

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There should be no impact. A S-corp should not be paying salaries to the owner if this creates a loss position.

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