Questions First time posting and thank you in advance for any help given.
I have a S Corp setup. We need to file a 2015 return (yes I know it?s late) and I?m trying to figure out if my wife is considered a passive shareholder or not. She doesn?t do any work for the corp. She works full time at another job. I have read conflicting statements on the matter. I need to pay out about $50k in income for that year. I only took about $6k in salary.
Have a few more questions but will leave it here for now.
Thank you |