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S CORP Shareholder-Employee: Form 1099 or W-2? Tax ...

    https://keysolutions.us/blog/s-corp-shareholder-employee-form-1099-or-w-2/
    Mar 06, 2019 · 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. The one known and limited exception to not paying a shareholder/employee W-2 compensation is discussed in our Feb. 21, 2017 blog post. Let’s discuss some of the perils a business owner faces by ignoring the requirement to issue the officer/shareholder a W-2.Estimated Reading Time: 5 mins

S Corporation Owners Must Take Reasonable W-2 Compensation ...

    http://franty.com/s-corporation-owners-must-take-reasonable-w-2-compensation/
    May 17, 2017 · One of the biggest IRS rules for S Corps is that the greater than 2% shareholders MUST TAKE reasonable compensation from the S Corp as a W-2 employee. Long story short, there are significant FICA/Medicare tax savings if a business files as an S Corp instead of a partnership or sole proprietor, so the IRS wants to make sure they are getting their fair share of employment taxes.Estimated Reading Time: 4 mins

Can a officer of a C-Corp take the W2 and 1099-MISC from ...

    https://www.justanswer.com/finance/8taus-greetings-officer-c-corp-w2.html
    So his compensation is split between a W2 for the administrative work as an officer of the corporation, and a 1099 for his compensation from real estate sales. This is a particularly difficult situation because it is an acceptable industry to treat real estate brokers & …

1099 or W-2 for Shareholder-Employees of S Corps? Updated ...

    https://rcreports.com/resources/reasonable-compensation-blog/1099-or-w-2-for-shareholder-employees-of-s-corps-updated-for-199a/
    Feb 01, 2019 · An agent paid for doing tasks other than selling real estate must have wages for those tasks reported on a W-2. There are two options here: Issue a 1099 for real estate services and issue a W-2 for all other services, or; Put all compensation on a W-2. Since it would be more efficient to put everything on a W-2, put all compensation on the W-2.Estimated Reading Time: 5 mins

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 ...

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