Doing my 1120S for my S-corp of which I am 100% owner. I didn't pay myself a salary because we just started less than a year ago and haven't even broken even to make a profit yet. I finished my deductions part and I got an AUDIT RISK ALERT because I did not take a salary. I get it that if a corp is making money, you need to pay yourself a "reasonable salary" before you take any distributions, but what if I haven't even turned a profit yet? I'm already in the red and trying to stay afloat... Taking a salary would just put me out of business.
