Business & farm

Consult a tax professional because we can't resolve the issues on this forum.  Generally, an S-corp shareholder must take a reasonable salary for the services they perform for the corp. This also requires remitting payroll taxes withheld and the employer's share and filing payroll tax returns (fed 941, Fed 940, state?) and an annual  w-2. the state may require you to file state unemployment tax returns and the same thing regarding w-2 and withholding payroll tax returns  A calendar year S-corp return is due today 3/17/2025 unless extended.