S Corp Officer Comp

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  • JCH
    Senior Member
    • Jan 2007
    • 207
    #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?
    Tags: None
    • ChEAr$
      Senior Member
      • Dec 2005
      • 3872
      #2
      Nope

      Originally posted by JCH
      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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        • taxxcpa
          Senior Member
          • Nov 2007
          • 978
          #3
          Reasonable wage

          Originally posted by JCH
          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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