If an employee gives you a Form W-4 that says they are exempt, don’t withhold federal income taxes from their wages. Begin withholding federal income taxes again if an employee’s exemption expires. If you are not withholding federal income tax from an employee and that employee did not ...
-limitation: can't >50% W-2 wages paid by corp Executive Comp (C-Corp) -no more than $1,000,000 paid to CEO or 4 other most highly comp OFFICERS -entertain exp for officers, direcotrs and 10% SH can be deducted if included in their gross income ...