LLC filed as S-Corp – not paying salary/dividends first year

Hey all,

I am in my first year of business. Im breaking even, but I plan to reinvest all earnings until I scale up. I still have a full time job so I have a W2 to live off of.

Im having a hard time getting a straight answer if I can not pay any wages or dividends this year to myself as the sole employee.

I will consult my cpa as tax time gets closer, but I wanted to see if you have any experience with this situation?

Thanks!

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