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A single member LLC may choose the tax status as that of an S-Corporation.
As an S-corporation there will be no tax at the LLC/S-corp level, all profit and loss will flow thru to the single member/shareholder and be reported on their individual tax return.
As an S-corporation there is a rule that the owner/employee be paid a reasonable wage, as such it is allowed that the single member/shareholder will also be an employee of the S-corporation. Code section IRC 3121(d) defines as employee in part as any officer of a corporation.
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Confused? is the owner paid as an offiicer or employee?
thanks for this the earlier reply