Business & farm

I disagree with the SE route.   you are an employee.  employee compensation is reported on w-2.  failure to withhold and pay in those taxes can result in substantial penalties.  your s-corp would also be responsible for filing the Federal UC tax return form 940 which you can't file as  SE. Your state may also have a UC tax.  so now you face additional penalties for failure to pay and file federal and state UC returns and taxes.

 

 

it's your choice 

1) the SE route

2) file the returns and forms and get hit with late filing and payment penalties

3) forget about taking any salary or reporting any SE income and hope no issues are raised by the iRS  and/or state

 

you may want to consult with a tax pro who can give you advice based on the actual numbers.