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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
    Mar 16, 2021 · 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 change this requirement. Such payments to the corporate officer …

ESDWAGOV - Exempting corporate officers

    https://esd.wa.gov/employer-taxes/corporate-officers
    Corporate officers who are covered may receive unemployment benefits if they qualify. However, a corporate officer who owns 10% or more of the corporation or is a family member ( WAC 192-310-190 ) of another corporate officer who owns 10% or more of the company may not be eligible for benefits unless the officer permanently resigns or is permanently removed or unless the corporation dissolves.

ESDWAGOV - Corporate officers FAQ

    https://esd.wa.gov/employer-taxes/corporate-officers-FAQ
    11. How do we exempt our corporate officers from unemployment coverage? Corporate officers are automatically exempt unless the corporation requests coverage and we approve it. Corporations with employees must request to cover their officers, or they will not be covered.

Employer's Guide to Federal Unemployment Tax (FUTA)

    https://www.thebalancesmb.com/what-is-the-federal-unemployment-tax-futa-397959
    Apr 29, 2020 · In some states, wages paid to corporate officers, certain payments of sick pay by unions, and certain fringe benefits are also excluded from state unemployment tax. If wages subject to FUTA aren't subject to state unemployment tax, you may be liable for FUTA tax …Estimated Reading Time: 6 mins

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