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940-EZ & 1120S

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    940-EZ & 1120S

    I have a 1 person S-Corp and I am completing my 940 EZ form. I have a SEP IRA in which I contributed $11,000 in 2005. Does this amount get listed in #2 "Exempt Payments" on form 940-EZ.

    Additionally, what taxes are reported are line 12 of 1120S? Would I report Fed Unemployment Tax, State Unemployment Tax, Employer SS Tax, and Employer Medicare Tax?

    #2
    1102s Questions

    Employer SEP-IRA contributions are outside payroll. No reporting on 940.

    You have the second question right.

    Doug

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