Does S-Corp HAVE to pay wages to its only shareholder?

C

Creativemoxie

Joined
Dec 11, 2011
Messages
1
Reaction score
0
Met with my CPA last week and he has assured me that a single shareholder S-Corp does not need to pay wages. This raised a flag me because every available resource screams otherwise. I've also spoken with a family member CPA who said that my guys is steering me wrong.

Is there any truth to this. Why would my CPA stand behind this so strongly? I asked him 3 times when I was in his office and he maintained that it just wasn't necessary.

What the heck is going on?
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

How does one decides or knows which COA to use and what is the standard definition of the activities? 2
Gatsby Cloud does not respect Preview Env variables 0
USA Learning Payroll Adjustment on my own. Many questions. Boss also doesnt know. 4
Australia How does increasing sales volume increase the EBIT profit margin? 8
USA Does loan by an S-corp to a shareholder have an effect on his stock and/or loan basis? 1
USA Single member S Corp taxation - flow of income, does this look right? 2
USA SEP IRA for S-Corp - does eligibility include year of no profit 0
Does an NY Scorp have to register in other states to hire a corp to corp? 0

Top