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S Corp comparison diagnostics

The S Corp Comparison Diagnostics window displays when you create an S Corp Comparison plan, or if you are working in an existing S Corp Comparison plan for which you have not completed the required data entry.
To complete the S Corp Comparison plan analysis, you need to enter data for each of the required items in this window. Select the option associated with each item, and Planner CS will display the screen or window where you should enter data. When you've completed data entry for an item,
Yes
 displays in the Completed? column of this window.
note
This window displays each time you select
Main
until you've completed the required data entry items.
To open this window, select
View
, then
Diagnostics
, then
S Corp comparison
, or right-click on a field and select
S Corp Diagnostics
.

Buttons

Go to Activities
When you select
Activities
, Planner CS displays the Business Activities window. You’ll need to edit or create the two activities you’ll use for the comparison, and associate one with the S Corporation by selecting the
S Corp for comparison
 checkbox, and one with the other entity by selecting the
Other business entity
 checkbox.
Go to Wages
Select
Income
, then
Wages
. Double-click on a field in the S Corp alternative to open the W-2 Information window for the taxpayer or spouse. Add the S Corporation as an employer by entering wages and selecting the
S Corporation wages
 checkbox.
Go to Other Expenses
The data entry for this is optional. When you select
Expenses
, the
Main
, then
S Corp Comparison
 tab displays, and your cursor is located in the
Other expenses
 field. In this field, you can enter administrative expenses that may differ between the two alternatives, such as administrative, payroll, and tax preparation costs.

This article applies to:

  • Product: Planner CS