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Schedule C Expenses - Wages

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Schedule C Expenses - Wages

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Enter the total salaries and wages for the tax year. Do not include salaries and wa-ges deducted elsewhere on your return or amounts paid to yourself. Reduce your deduction by the amounts claimed on:

  • Form 5884, Work Opportunity Credit, line 2;
  • Form 8844, Empowerment Zone Employment Credit, line 2; 
  • Form 8845, Indian Employment Credit, line 4; and
  • Form 8932, Credit for Employer Differential Wage Payments, line 2.

Do not reduce your deduction for any portion of a credit that was passed through to you from a pass-through enti-ty. If you provided taxable fringe benefits to your employees, such as personal use of a car, do not deduct as wages the amount applicable to depreciation and other expenses claimed elsewhere.In most cases, you are required to file Form W-2, Wage and Tax Statement, for each employee. See the General In-structions for Forms W-2 and W-3.

 


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Views: 797 Created on: Jun 15, 2013
Date updated: Sep 16, 2015

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