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What reasonable salary should a S corp give? eg scenario- total = 300K: line of work = IT consultant. Is it based on percentage of S corp business income.

Reasonable salary for S corp employee
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What reasonable salary should a S corp give? eg scenario- total = 300K: line of work = IT consultant. Is it based on percentage of S corp business income.

there are no bright-line rules for what is reasonable.   in fact what's reasonable in Maine is different than in California based on Tax Court rulings.    consult a pro who can give you guidance.  by the way, it's too late if you needed to take a salary for 2020.

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