what is the reasonable amount of payroll that can be taken from s corp?
One of my s corp clients recently withdrawn $9K as payroll and this is the only amount he has taken in the year 2020.
I would like to confirm whether it makes any sense to withdraw lumpsum one amount as payroll for the whole year in s corp?
and secondly please also confirm what is the suitable criteria or amount and recommended procedure by IRS for the owner’s payroll?
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