Is W-2 necessary for an S-corp?

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Submitted by Anonymous on Thu, 2010-02-04 18:57.

General Discussion

Consider an S-corp with a single shareholder/employee. Can I report my income on Schedule K-1 and don't bother with filing a W-2? Thank you.

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IRS Circular 230 Disclaimer: Pursuant to Internal Revenue Service guidance, be advised that any federal tax advice in this communication, including any attachments or enclosures, was not intended or written to be used, and it cannot be used, by any person or entity for the purpose of avoiding penalties imposed under the Internal Revenue Code.

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Is W-2 necessary for an S-corp?

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