sameergn[at]gmail.com wrote:

- quote -

last option reminds me of a line in an older commercial:
"My wife! I think I'll KEEP her!"

She may remain as an officer, no problem atall. And if she
performs to (useful) work for the corporation, no salary
need be paid.

ChEAr$,
Harlan Lunsford, EA n LA

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My spouse is an officer of our S-Corp and so far I was the
sole earner for the corporation. We both used to draw
reasonable salaray from my income. Now she has become
employee of some other corporation and thus earning a salary
from them which is not counted as income of our S-Corp.

1. Should I continue to to keep her as officer of our S-Corp
and keep paying her salary? or
2. Keep her as officer and not pay her salary? or
3. Remove her as an officer?

Any help is greately appreciated.
-- Sameer

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >