No. of Recommendations: 2
The upshot of all this is that you should be paying yourself something as an employee of the corp.

Very true. Here is what the instructions to Form 1120S say:
"If a shareholder or a member of the family of one or more shareholders of the corporation renders services or furnishes capital to the corporation for which reasonable compensation is not paid, the IRS may make adjustments in the items taken into account by such individuals and the value of such services or capital. See section 1366(e)."
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