Yes, according to the IRS website (Paying
Yourself), "An officer of a corporation is generally an employee, but an
officer who performs no services or only minor services, and who neither receives
nor is entitled to receive any pay, is not considered an employee."
Therefore, if the Officer receives compensation it is subject
to employee payroll taxes.
However, unlike an S corporation, shareholders and officers are
not required to be paid a reasonable minimum compensation.
