I took all my S-Corp profit as owner distributions last year and paid no wages, how do I fix this mistake before tax time?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

An S-corp that took all profits as owner distributions and paid no wages often raises reasonable salary concerns, and the practical response usually depends on the entity’s payroll history, the owner’s role and services, and how the return and payroll filings were prepared. In many cases, the fix in For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.