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https://www.raymondcapaldi.com.au/w-corporate-office/what-is-an-officers-salary-for-corporate-tax-returns-2018.html
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https://www.payscale.com/research/US/Job=Top_Tax_Officer%2C_Corporate/Salary
Average Top Tax Officer, Corporate Salary $157,750 / year Avg. Base Salary ( USD) The average salary for a Top Tax Officer, Corporate is $157,750 Base Salary $0 - $158k Bonus $0 - …
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.
https://www.irs.gov/pub/irs-news/fs-08-25.pdf
Wage Compensation for S Corporation Officers . FS-2008-25, August 2008. Corporate officers are specifically included within the definition of employee for FICA (Federal Insurance Contributions Act), FUTA (Federal Unemployment Tax Act) and federal income tax withholding under the Internal Revenue Code. When corporate
https://www.taxact.com/support/15937/2020/form-1120-s-salaries-and-wages-compensation-of-officers
Enter on Form 1120-S, line 7, the amount from Form 1125-E, line 4. Include fringe benefit expenditures made on behalf of officers and employees owning more than 2% of the corporation's stock. Also report these fringe benefits as wages in box 1 of Form W-2.
https://www.thebalancesmb.com/what-is-a-reasonable-salary-for-an-s-corporation-officer-397939
Reporting Officer Salaries to the IRS Each year, when you complete the income tax forms for your corporation or S corporation, you must report corporate officer salaries if the corporation's total receipts are $500,000 or more.
https://www.shrm.org/ResourcesAndTools/hr-topics/compensation/Pages/IRS-clarifies-$1-million-tax-deduction-limit-on-executive-pay.aspx
The IRS issued Notice 2018-68 with much-anticipated guidance on changes to the tax deductibility of executive compensation under tax code Section 162(m), as regards performance-based pay.
https://ttlc.intuit.com/community/business-taxes/discussion/how-to-report-deduct-officer-salary/00/1227089
If your corporation's total receipts are $500,00 or more, then you need to report compensation of officers on Form 1125-E. You can report your salary as officer compensation, regardless. Either way, the compensation is subject to withholding (W-2) but not if the officers do not perform services for the corporation.
https://ttlc.intuit.com/community/taxes/discussion/how-report-officer-s-compensation/00/468811
Officer and Shareholder compensation is added by going to: Federal Taxes Deductions Compensation and Benefits Salaries and Wages The first screen after clicking on Salaries and Wages is the entry screen for Officers and Shareholders. Distributions to the Shareholder are entered in the "Shareholder Information" section.
https://www.thebalancesmb.com/basic-guide-to-corporate-income-taxes-and-form-1120-397684
You won't need to provide documentation of deductions, but you should have proof of these expenditures in case of an audit: Officer compensation (gross annual compensation) Other salaries/wages Repairs and maintenance Bad debts Rents Taxes and licenses Interest expense Charitable contributions Depreciation (Form 4562) Depletion Advertising
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