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Business & farm
@SCGI wrote:
The IRS generally considers $50,000 to be a reasonable annual salary for S-Corp owners.
It really does not appear as if one can make a blanket statement concerning what constitutes a "reasonable annual salary" - it is entirely dependent upon the circumstances and receipts.
See https://www.thetaxadviser.com/issues/2011/aug/nitti-aug2011.html
‎October 16, 2019
10:24 AM