@evanevans wrote:
.....once you determine W-2 the rest of earnings are passed through as dividend (100% shareholder) income?
As @Critter-3 stated, you should seek professional guidance.
However, after you pay yourself a reasonable salary for your services to the corporation, any additional distributions would then be taxed at ordinary income tax rates but not subject to self-employment taxes. You need to be very careful here because this area is the subject of frequent review (and recharacterization) by the IRS.
