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S Corporation Employees, Shareholders and Corporate Officers

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
    The definition of an employee for FICA (Federal Insurance Contributions Act), FUTA (Federal Unemployment Tax Act) and federal income tax withholding under the Internal Revenue Code include corporate officers. When corporate officers perform a service for the corporation and receive or are entitled to payments, those payments are considered wages. The fact that an officer is also a shareholder does not …

S Corporation Officer Must Take a Salary

    https://www.hallkistler.com/s-corporation-officer-must-take-a-salary/
    Jan 29, 2014 · If you work for the corporation, you generally must take a salary. An officer who performs more than minor services for a corporation, and who receives remuneration in any form, is considered an employee and is subject to employment taxes. In recent years, the IRS has become more aggressive in auditing S corporations on this point.Location: 220 Market Ave. S. Suite 700, Canton, 44702, OH

S Corporations and Salaries: An IRS Hot Button Issue Nolo

    https://www.nolo.com/legal-encyclopedia/s-corporations-salaries-an-irs-hot-button-issue.html
    Tax experts have calculated that 28.57% of business income should be paid as employee wages to maximize the pass-through deduction. Why not pay even more as wages? Paying more actually results in a smaller deduction because the total pass-through deduction may never exceed 20% of business …

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