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Old 06-18-2016, 07:04 PM
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Compensation

Is is required that a sole S Corp owner gets a salary each year?



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Old 06-18-2016, 10:21 PM
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Quote:
Originally Posted by minim84 View Post
Is is required that a sole S Corp owner gets a salary each year?
in general i mean aslongas the S corp has taxable ordinary income reported on 1120S line 21 then yes; however, if the S corp takes aloss in its operation, then no W2 wage/salary is required.



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