- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
That is correct. You can answer Yes - 1 - 0. For purposes of reporting officer compensation, a managing member is considered an officer of the corporation. They want you to confirm that you did pay yourself a wage on a W-2 as opposed to taking your income in only payroll tax-free distributions.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 7, 2020
6:48 AM