ilmscore | Prediction Details
"you need to get your registrations done with your state that's the Department of Revenue so what do I mean by that let's just say okay there are some states where there's no state taxes so you would not be holding state taxes as the employee nor as the employer so even if that's the case you still have the state unemployment tax reporting obligation payment obligations so you still need to complete your state registration setup with the Department of Revenue or unemployment or both so that you can have those account numbers and those tax rates linked up to your payroll software"
By ClearValue Tax | November 14, 2019 | Pending
From video
S Corp Payroll Setup for 1-person S Corporation - Explained 00:02:54 - 00:03:41
Interpreted Prediction
S Corps must complete state registrations with the Department of Revenue or unemployment agencies, even in states with no state taxes, to obtain account numbers and tax rates for payroll software setup.

Prediction Details

Topic
State Registration for S Corps

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