What is the difference?
Sounds to me like you need professional help. Officer Compensation is the required minimum distribution offers of a corporation are required to take by law each year.
Since an officer can also be a W-2 employee of a corporation, salaries & wages is what is paid as compensation for work provided to the corporation and gets reported on a W-2 issued to the officer separate from Officer Compensation.
If you have to ask what the difference is, that's a sure sign you need professional help with this. The cost of professional help will be a pittance in comparison to the fines/penalties that will be assessed if it's not done right. Please seek professional help.
This is particularly important if your state also taxes personal income. Then, it's a double-whammy on the potential fines and penalties.
