@Dean241 wrote:
In other words, if the corporation makes $10,000 net income is there any legal way that I can just keep that income within the corporation without paying myself a wage as an officer even though I worked full time for the corporation?
You can certainly retain the $10,000 within the corporation without paying yourself a wage or salary, but the corporation will have to pay federal income tax on its taxable income.
In other words, there is no way you and the corporation can not pay federal income tax on the net income of $10,000 (either the corporation will pay the IRS or the corporation can pay you a salary and then you will pay the IRS).
