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S Corp Officer Comp

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    #1

    S Corp Officer Comp

    Does an S Corp which consistently never shows a profit still need to have "reasonable" wages paid paid to its single shareholder?
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    #2
    Nope

    Originally posted by JCH View Post
    Does an S Corp which consistently never shows a profit still need to have "reasonable" wages paid paid to its single shareholder?
    Call it a "safe harbor" if you will. (grin
    ChEAr$,
    Harlan Lunsford, EA n LA

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      #3
      Reasonable wage

      Originally posted by JCH View Post
      Does an S Corp which consistently never shows a profit still need to have "reasonable" wages paid paid to its single shareholder?
      No....a reasonable wage would be zero in such a situation.

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