1. Spouse Owns S Corporation
Question. My wife owns 100 percent of the S corporation. She has a full-time job and does no work for the S corporation. I am the sole worker in the S corporation. Am I treated as
a “non-owner employee” of the S corporation or
an “owner-employee” subject to the limits you describe in PPP Loan Forgiveness for Partnerships and S and C Corporations?
Answer. The PPP guidance does not address the situation you describe. From what we know, ... Log in to view full article.