Honeyviv new form IRS 7203 for self employed payroll

[HJCane]

What do you know about this? Is this getting rid of the "must take a reasonable salary?"

 

[Kinggeorge3]

This is schedule to track your basis in the S Corp. Needs to be filled out if taking a loss from a Schedule K-1 and from other things such as distributions. Mostly likely will need to complete it each year. Required for 2021 returns though the form is not finalized yet.
Source: Slept in a Motel 6 last night.

 

[RJWwood]

What do you know about this? Is this getting rid of the "must take a reasonable salary?"

Honey doesn't give free advice...contact him direct and he'll provide his Zelle account or where to send a wire.Honey didn't reach his elite status and wealth working for free.