wmmosley
Level 1
09-29-2023
05:59 PM
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You are so right the owner must be on payroll paying themselves a reasonable salary. A reasonable salary has not been defined by the IRS, but you must use common sense. you can't make 600,00 and pay yourself 200.00 a week, that unreal. Also a owner can also make a distribution but cannot go over the amount they pay themselves. Please correct me if I'm wrong that was my interpretation in my research.