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Business & farm
Yes, it is required by the IRS that the owner take a W-2 salary. However, when a new company does not generate enough income to pay the owner initially, the company just can't afford to pay. See below similar situation.
https://ttlc.intuit.com/replies/5794296
IRS helpful link: https://www.irs.gov/pub/irs-pdf/i1125e.pdf
‎June 7, 2019
4:31 PM