S-Corp owners do qualify for the employee retention credit. There is no language excluding S-Corp owners. The guidance refers to specific relationships to a 50% of more owner of an S-Corporation. Those individuals are excluded from being able to take the employee retention credit.
sorry for late response..with respect to s-corp wages, i have no problem with taking owner wages..as far as coordination, we do need more guidance but i think the approach i came up with is a good start..let me know your thoughts.
Do you still feel this way after the generation of IRS notice 2021 20?
sorry for late response..with respect to s-corp wages, i have no problem with taking owner wages..as far as coordination, we do need more guidance but i think the approach i came up with is a good start..let me know your thoughts.