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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 definition of an employee for FICA (Federal Insurance Contributions Act), FUTA (Federal Unemployment Tax Act) and federal income tax withholding under the Internal Revenue Code include corporate officers. When corporate officers perform a service for the corporation and receive or are entitled to payments, those payments are considered wages.

S Corporation: What Is It?

    https://www.thebalancesmb.com/what-is-an-s-corporation-3193230
    Sep 17, 2020 · An S corporation is a special kind of tax status that corporations or limited liability companies can select. S corporation status doesn't alter the business operations, but it moves the tax burdens from the business to the owners themselves.Estimated Reading Time: 6 mins

Wage Compensation for S Corporation Officers

    https://www.irs.gov/pub/irs-news/fs-08-25.pdf
    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. Courts have consistently held that S corporation officer/shareholders who provide more than minor services to their corporation and receive or are entitled to receive payment are employees …

Understanding the Roles of Officers in a Corporation ...

    https://www.lawdepot.com/blog/understanding-the-roles-of-officers-in-a-corporation/
    Aug 14, 2018 · A corporation is made up of shareholders, directors, and officers. While shareholders fund the corporation and directors make high-level decisions, officers make sure the corporation stays in operation by handling routine business. In other words, they carry the responsibility of managing day-to-day business for the corporation.Estimated Reading Time: 4 mins

S Corporation (S Subchapter) Definition

    https://www.investopedia.com/terms/s/subchapters.asp
    An S corporation, also known as an S subchapter, refers to a type of legal business entity. Requirements give a corporation with 100 shareholders or less the benefit of incorporation while being...

S Corporations Internal Revenue Service

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporations
    Feb 16, 2021 · S Corporations S corporations are corporations that elect to pass corporate income, losses, deductions, and credits through to their shareholders for federal tax purposes. Shareholders of S corporations report the flow-through of income and losses on their personal tax returns and are assessed tax at their individual income tax rates.

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 · An S corporation officer (president, chief operating officer, etc.) is considered an employee and payments they receive for their services as an employee are considered wages. This person is also an owner/shareholder but each of these roles is separate. 1  S Corp Officer Wages Must Be ReasonableEstimated Reading Time: 5 mins

S Corporation Compensation and Medical Insurance Issues ...

    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."

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