We do not discriminate, and neither does the tax law. Everyone is subject to the same rules and regulations and we’re here to help everyone navigate those complexities.
The IRS requires all S-Corp owners to take a reasonable wage. The remaining profits can be taken out as distributions. Unfortunately, there are not explicit rules defining a reasonable wage, as each situation is considered separately, but there are some specific factors tax courts have focused on for you to be aware of.
– Gary Haworth