I am having an issue with my W-2. Box 1 & Box 16 don't match.
I am a 2% Shareholder owner. I set up "S-corp Pd Med Premium" tracking for my health Insurance
From Jan to April Health Insurance was deduced from my paycheck.
From May to September I was not working, but the company was still paying the health insurance. During that time, Quickbooks representative told me to make "Adjust Payroll Liability" with my employee name. I made a total $1,282.31 adjustment Payroll Liability towards health Insurance.
Box 1: $25,436.84
Box 14: SCorp MP: $3,156.84
Box 16: State Wages: $24,154.53
I also notice the payroll adjustment Liability is not picking up on the DE9C Report on Quickbooks.
Thank You