Business & farm

@Mybesttaxservice    Please consider this

 

https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-a...

 

https://www.law.cornell.edu/cfr/text/26/31.3121(d)-1

 

(b) Corporate officers. Generally, an officer of a corporation is an employee of the corporation. However, an officer of a corporation who as such does not perform any services or performs only minor services and who neither receives nor is entitled to receive, directly or indirectly, any remuneration is considered not to be an employee of the corporation. A director of a corporation in his capacity as such is not an employee of the corporation.

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