S corp didnt issue payroll
Hello, So this is my first year (2023) as an S corp and I failed to issue any payroll. I just paid myself through distributions. I was mistakenly under the impression that I could 1099 myself at years end and that would be my "reasonable compensation". Seeing as its now Jan 2024 is it too late for payroll, should I 1099 myself? Thanks all.
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