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Wage Compensation for S Corporation Officers - IRS tax forms

    https://www.irs.gov/pub/irs-news/fs-08-25.pdf
    The instructions to the Form 1120S, U.S. Income Tax Return for an S Corporation, state "Distributions and other payments by an S corporation to a corporate officer must be treated as wages to the extent the amounts are reasonable compensation for services

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 · Ghosn v. Comm’r, T.C. Memo. 1995-192. Purported “loans” from S corporation to its sole shareholder, officer, and director, were wages for purposes of FICA and FUTA taxes. The loans were unsecured demand notes bearing no interest, loans were made entirely at the discretion of shareholder, and the shareholder regularly performed substantial ...

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 · Reporting Officer Salaries to the IRS . Each year, when you complete the income tax forms for your corporation or S corporation, you must report corporate officer salaries if the corporation's total receipts are $500,000 or more.Estimated Reading Time: 5 mins

S Corporation Officer Must Take a Salary

    https://www.hallkistler.com/s-corporation-officer-must-take-a-salary/
    Jan 29, 2014 · A professional with an advanced degree who takes a salary of $30,000 a year for the full-time management of an S corporation generating $500,000 in net income would be suspect. But taking a salary of $175,000 a year for a 40-hour week might not be.Estimated Reading Time: 6 mins

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
    For example, a CPA who incorporated his practice took a $24,000 annual salary from his S corporation and received $220,000 in dividends which were free of employment taxes. The IRS said that his salary was unreasonably low and that $175,000 of the dividends should be treated as wages subject to employment taxes.Estimated Reading Time: 6 mins

S Corporation Compensation and Medical ... - IRS tax forms

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-compensation-and-medical-insurance-issues
    The instructions to the Form 1120S, U.S. Income Tax Return for an S Corporation, state "Distributions and other payments by an S corporation to a corporate officer must be treated as wages to the extent the amounts are reasonable compensation for services rendered to the corporation."

Average S Corporation Salaries Compiled from IRS Statistics

    http://www.scorporationsexplained.com/average-s-corporation-salaries.htm
    94 rows · If the Bureau of Labor Statistics says that on average someone doing the job the you do …

IRS S Corporation Shareholder Salary Data - Evergreen ...

    https://evergreensmallbusiness.com/irs-s-corporation-shareholder-salary-data/
    Apr 08, 2021 · On average, firms within that category of S corporations per the table report revenues of just over $800,000. The officer compensation deduction equals about $72,000. And then the business profit roughly equals $92,000. If you run similar sized professional services firm?

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