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Top Questions and Answers
Is there a minimum salary for S Corp shareholder-employees? No — the IRS can't require a minimum salary for self-employed workers. The requirement only comes into play if you're paying distributions to shareholders.
They are not intended to cover all provisions of the law. For the latest information about developments related to Form. S and its instructions, such as legislation enacted after they were published, go to IRS. This document provides detailed guidelines for filing income tax returns for C and S Corporations. Check with the software providers to see if they support business e-filing. If you need to update your address or phone information for corporation tax, or other tax types, you can do so online. See Business information in Form CT-1. (Company car; provide that registration). Step-by-Step South Carolina LLC Instructions. Learn how to fax Form 2553 to the IRS effortlessly.
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