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Wage Compensation for S Corporation Officers

    https://www.irs.gov/pub/irs-news/fs-08-25.pdf
    Generally, an officer of a corporation is an employee of the corporation. The fact that an officer is also a shareholder does not change the requirement that payments to the corporate officer be treated as wages. Courts have consistently held that S corporation officer/shareholders who provide more than minor services to their corporation and receive or are entitled to receive payment are employees …

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 · 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 are treated as wages. Courts have consistently held S corporation officers/shareholders who provide more than minor services to their corporation …

Are Your Company’s Year-End Compensation Accruals Tax ...

    https://www.rklcpa.com/are-your-companys-year-end-compensation-accruals-tax-deductible/
    Dec 13, 2016 · First and foremost, in order for a compensation accrual to be deductible in the calendar year that the accrual originates, the compensation accrual must be established properly according to criteria set forth by the IRS. The criteria must be met for all compensation accruals including holiday pay, vacation pay and year-end bonuses.Estimated Reading Time: 3 mins

What Is a Reasonable Salary for an S Corporation Officer?

    https://www.thebalancesmb.com/what-is-a-reasonable-salary-for-an-s-corporation-officer-397939
    Sep 17, 2020 · An S corporation officer (president, chief operating officer, etc.) is considered an employee and payments they receive for their services as an employee are considered wages. This person is also an owner/shareholder but each of these roles is separate. 1  S Corp Officer Wages Must Be ReasonableEstimated Reading Time: 5 mins

Officers’ and Directors’ Personal Liability for Wages: The ...

    https://www.lw.com/thoughtLeadership/officers-and-directors-personal-liability-for-wages
    ersonal liability for unpaid wages is a significant issue for companies and management as they reach a liquidity crisis or insolvency—and it is in this context that the laws imposing personal liability on corporate principals for unpaid wages acquire their sting. Corporate agents’ personal liability for unpaid wages derives from an overlay

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