"You DO NOT need to issue yourself a W2."
In most cases, that is false (as everybody else here says). You are legally an employee of the corporation. As such, if you take money from the corporation for personal purposes, that means your "compensation" needs to be on a W-2.
"I would use a CPA to learn all the different things you can do the first time"
I completely agree. There are way too many do-it-yourselfers that do things wrong, and end up paying WAY too much in taxes and/or penalties.
"When you issue yourself a W2 you take away the purpose of electing SCorp and tax savings benefits it offers you"
Wow, that is totally wrong.
