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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 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 and receive, or are entitled to receive, compensation are subject to federal ...

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 rendered to the corporation."

About Form 1125-E, Compensation of Officers - IRS tax forms

    https://www.irs.gov/forms-pubs/about-form-1125-e
    Dec 15, 2020 · Information about Form 1125-E, Compensation of Officers, including recent updates, related forms, and instructions on how to file. Certain entities with total receipts of $500,000 or more use Form 1125-E to provide a detailed report of the deduction for compensation of officers.

Exempt Organizations: Compensation of Officers Internal ...

    https://www.irs.gov/charities-non-profits/exempt-organizations-compensation-of-officers
    Feb 02, 2021 · An exempt organization (EO) may have officers such as a president, vice-president, secretary, treasurer, and CEO (chief executive officer). As used here, the term officer includes anyone who holds a position of trust, authority, or command within an organization.. The Internal Revenue Code defines corporate officers as employees for FICA, FUTA, and FITW purposes.

OFFICER COMPENSATION 1120 - Intuit Professional Tax ...

    https://proconnect.intuit.com/community/proseries-tax-discussions/discussion/officer-compensation-1120/00/83132
    May 02, 2020 · Finished an 1120. Officer had $25,000 in "compensation of officers" line 12. If you finished the 1120, YOU need to know what that "compensation" is. In most cases, that means they received wages and have a W-2. Assuming that is the case, you enter the W-2 on the 1040. 3 Cheers.

Payments to Corporate Officer Subject to Employment Taxes ...

    https://gyf.com/2017/09/payments-corporate-officer-subject-employment-taxes/
    Sep 22, 2017 · Payments to Corporate Officer Subject to Employment Taxes. We have posted a number of articles addressing the income and employment tax issue of “reasonable compensation.”. However, the focus of many of these posts has been excessive compensation paid by regular corporations. The position of the Internal Revenue Services in these cases has ...

Solved: Does a officer of a C Corporation have to report ...

    https://ttlc.intuit.com/community/business-taxes/discussion/does-a-officer-of-a-c-corporation-have-to-report-all-compensation-for-payroll-tax-purposes-or-can-a/00/672234
    Jun 05, 2019 · You have several options: 1) Calculate your reasonable salary and run the payroll for 2019 (filing Forms 94x, W-2, etc.). This will be messy and will mean penalties on late filing and payment of taxes.

Are Year-End Compensation Accruals Tax Deductible?

    https://www.rklcpa.com/are-your-companys-year-end-compensation-accruals-tax-deductible/
    Dec 13, 2016 · As the calendar year draws to a close, one item on the mind of many business owners is calculating year-end bonuses for employees. While relevant to employee performance and retention, bonuses and compensation accruals can also impact an employer’s tax obligations.

Reasonable Compensation For C Corporation Shareholder ...

    https://www.forbes.com/sites/anthonynitti/2016/05/13/reasonable-compensation-for-c-corporation-shareholder-employees-how-much-is-too-much/
    May 13, 2016 · From a tax perspective, however, the choice matters: if you take compensation, you are subject to payroll taxes at the corporate and individual level, and will pay tax on the compensation …

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