C-corp taxed as s-corp reporting income from 1099-nec issued to ssn
My state does not have corporate or personal income tax. For federal tax purposes, I elected s-corp status for my single shareholder c-corp. As a real estate agent working under a brokerage, my commissions are split with them, so I receive a 1099-nec from them each year made out to my person with my SSN. I report that income as the income for my corporation on my 1120-S etc. Does this pose an audit risk? A CPA set me up this way, but he's subsequently been involved in lawsuits and no longer has a firm, and everything I read in the IRC makes me question this method I've been using.
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