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I have an S-Corp, and we have not made any money in 2017. We only have losses. Are we still required to have salaries for that year?
If an S-Corp has made no money for the first official year open, should the employees receive a salary even though there is no income from the business?? If so what is reasonable? The company has a loss of over $2,000 with no gain. At what point would there be a red flag due to low salary or lack of salary?
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‎June 4, 2019
5:33 PM