KELLER CPAs

Certified Public Accountants & Business Advisors
(208) 887-9541 2361 S. Titanium Pl, Ste# 100
Meridian, ID 83642
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Annual Payroll for Shareholder

The IRS has recently taken a position that a shareholder should be paid throughout the tax year rather than taking a paycheck at the end of the year to meet the reasonable compensation requirement. There are no tax implications except that the IRS could charge payroll tax penalties on deemed “late” payroll tax deposits if they determine that the shareholder should have been paid throughout the year.

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