Corporate Officer 1099

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AN OFFICER OF A CORPORATION OR LLC IS A 'STATUTORY ...

https://www.robertschriebman.net/articles/an-officer-of-a-corporation-or-llc-is-a-statutory-employee/

When the EDD selects your company for audit and demands the production of your 1099s for the past three years, you can count on an assessment for unpaid employment and withholding taxes, several levels of penalties, together with interest on both the tax and penalty portions. Taking a 1099 as a corporate officer is just flat out wrong.

1099 or W-2 for Shareholder-Employees of S Corps? Updated ...

https://rcreports.com/resources/reasonable-compensation-blog/1099-or-w-2-for-shareholder-employees-of-s-corps-updated-for-199a/

Feb 01, 2019 · The examination begins by looking at 1099 contractors, but be advised, examiners are trained on Reasonable Compensation, so a simple request on how the S Corp owner determined his/her salary escalates easily into a Reasonable Compensation challenge.

Can a corporate officer receive a 1099 and a w2 from the ...

https://www.justanswer.com/tax/191b7-corporate-officer-receive-1099-w2.html

Jun 13, 2008 · Working on a 1099 basis means that the person is a true Independent Contractor under the IRS rules. The company should have a written contract with each contractor that describes the work performed and compensation paid.5/5(55.4K)

Corp gives 1099 to Officer? - TMI Message Board

https://forum.thetaxbook.com/forum/discussion-forums/main-forum-tax-discussion/5028-corp-gives-1099-to-officer

Mar 13, 2007 · It is possible for an officer/shareholder/employee to provide an independent service to the C-corp that is unrelated to his position as an officer/shareholder/employee and therefore receive a 1099Misc. Example would be for legal service by a lawyer, CPA services, Real Estate Sales Commission, etc.

S Corporation Employees, Shareholders and Corporate Officers

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

When corporate officers perform a service for the corporation and receive or are entitled to payments, those payments are considered wages. The fact that an officer is also a shareholder does not change this requirement. Such payments to the corporate officer are treated as wages. Courts have consistently held S corporation officers ...

As an owner of a c corp ,can my company pay me with a 1099 ...

https://www.avvo.com/legal-answers/as-an-owner-of-a-c-corp--can-my-company-pay-me-wit-1357244.html

Aug 05, 2013 · In general, officers of a company cannot be classified as independent contractors (there is a long line of cases on this point). Let's assume that you don't name yourself president, VP or an officer of your own corporation (which is highly unlikely) -- the IRS may still reclassify "contractor payments" made by your corporation to you as dividends.

Will the IRS accept a 1099-Misc as compensation as officer ...

https://www.justanswer.com/tax/b4bx7-will-irs-accept-1099-misc-compensation-officer.html

Mar 26, 2018 · Using an 1099-MISC for an S corporation shareholder is usually not acceptable and not the correct way. The IRS will reclassify all 1099-MISC as wages subject to self employment taxes. If the 1099-MISC is issued (to avoid payroll tax penalties, etc.), the income should be reported on the shareholder's Schedule C subject to self employment tax.5/5(23.2K)

Solved: Does a officer of a C Corporation have to report ...

https://ttlc.intuit.com/community/business-taxes/discussion/does-a-officer-of-a-c-corporation-have-to-report-all-compensation-for-payroll-tax-purposes-or-can-a/00/672234

Jun 06, 2019 · If you are a C corporation, monies you withdraw from income that you do not report as compensation, either on a W-2 form or 1099-MISC, would be considered dividends and would taxable to you as such, but not deductible by the corporation. So, you …

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