Dear Client,
According to IRS: “…S corporations must pay reasonable compensation to a shareholder who provide substantial services to the corporation… 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…”
Please contact our office regarding this IRS requirement at 847-850-0085 option 3.
For Payroll setup please complete the application below and email it back to us at payroll@tmaccountant.us
Thank you,