Plain-language notes on U.S. tax deadlines, IRS letters, cross-border reporting and running a small business, written by the CPAs who handle these questions every day.
S corp shareholder-employees need reasonable W-2 wages before distributions. No IRS fixed percentage; zero wages with large distributions is an employment-tax red flag. Cary/RTP compliance notes.
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S corp and partner K-1 income rarely has full withholding. Use reasonable W-2 withholding plus 1040-ES to meet the 90% / 100%–110% safe harbor and avoid §6654 penalties. Cary/RTP owner compliance notes.
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Articles are general information, not tax or legal advice for your specific situation.
