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Do I have to pay myself a wage as an S-corp owner, and if so, what is the minimum I can do?

April 26, 2017minimum owner pay s-corp Wage

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Do I have to pay myself a wage as an S-corp owner, and if so, what is the minimum I can do?

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Yes, the IRS will not allow you to take tax-saving distributions without also taking some wages. There is a ballpark ratio you can use to lower your chances of questioning in an audit. Also, there are four other common ways to take profit from an S-corp that will cut your tax bill. They are ….