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https://www.gyf.com/2017/09/payments-corporate-officer-subject-employment-taxes/#:~:text=Corporate%20officers%20are%20considered%20to%20be%20statutory%20employees,through%20a%20PEO%20and%20by%20withholding%20employment%20taxes.
https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
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. The fact that …
https://www.taxpolicycenter.org/briefing-book/how-does-corporate-income-tax-work
A. The United States imposes a tax on the profits of US resident corporations at a rate of 21 percent (reduced from 35 percent by the 2017 Tax Cuts and Jobs Act). The corporate income tax raised $230.2 billion in fiscal 2019, accounting for …
https://www.nolo.com/legal-encyclopedia/how-corporations-are-taxed-30157.html
https://www.gyf.com/2017/09/payments-corporate-officer-subject-employment-taxes/
Corporate officers are considered to be statutory employees under the Internal Revenue Code. In addition, the particular taxpayer treated its officer as an employee by paying wages through a PEO and by withholding employment taxes.
https://www.legalzoom.com/articles/6-steps-to-filing-corporation-taxes
https://www.irs.gov/charities-non-profits/exempt-organizations-compensation-of-officers
Amounts paid under a nonaccountable plan are included in the employee's or officer’s gross income, reported on Form W-2, and subject to all applicable employment taxes. If an expense allowance or reimbursement arrangement is partially an accountable plan and partially a nonaccountable plan, the arrangement is treated as two separate arrangements.
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
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. 2) You can issue yourself a 1099-MISC, report it on Schedule C of your personal return. This is not an ideal way of doing it.
https://www.thebalancesmb.com/how-an-s-corporation-pays-income-taxes-and-other-taxes-398986
How S Corporation Owners areTaxed The owners of the S corp pay income taxes based on their distributive share of ownership, and these taxes are reported on their individual Form 1040. For example, if the profits of the S corp are $100,000 and there are four shareholders, each with a 1/4 share, each shareholder would pay taxes on $25,000 in profits.
https://www.thebalancesmb.com/how-business-owners-are-paid-by-the-business-397358
Corporation and S corporate officers who are involved in the day-to-day running of a business are considered employees and they must take a salary and employment taxes must be paid on that salary. In addition, S corporation shareholders may take additional distributions of profit from the business. 2
https://www.investopedia.com/financial-edge/0512/how-large-corporations-get-around-paying-less-in-taxes.aspx
In 2020, a total of 55 of the companies listed in the Fortune 500 paid zero income taxes, according to Fortune magazine. The names included Nike, FedEx, and Salesforce.com. 4. They're not outliers ...
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