4141-1-05 Corporate officers and directors.

(A) If an officer of a corporation received remuneration for services rendered to the corporation or renders services in anticipation of receiving remuneration from the corporation, the officer shall be considered in the employment of such corporation as provided in division (B)(1) of section 4141.01 of the Revised Code.

(B) Remuneration received by an officer of a corporation for services performed for the corporation which meets the terms of paragraph (A) of this rule may not be treated as partnership income by what may be known as a "subchapter S"arrangement or by some other similar arrangement.

(C) A director of a corporation who performs only the usual duties of a director shall not be considered in the employment of such corporation.

Effective: 12/16/2013
R.C. 119.032 review dates: 09/04/2013 and 12/01/2018
Promulgated Under: 4141.14
Statutory Authority: 4141.13
Rule Amplifies: 4141.01
Prior Effective Dates: 1/1/74, 7/3/86, 12/30/91, 6/3/96, 3/26/99