RoyS976
Level 3
02-05-2021
05:58 PM
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No.
S Corp has a single shareholder, who is also a broker/agent.
S Corp pays commissions to shareholder and other agents based on sales made.
S Corp pays shareholder a salary to cover her management time.
S Corp gives shareholder a 1099 for sales commissions paid to her and a W-2 for management time.
S Corp gives 1099s to other agents for commissions paid to them.