S corp sole owner: Can I pay myself as 1099 or must I pay as w-2 employee?
I was granted S corp status in March 2008. Due to an accident, I have not worked consistently, and at best have only earned 10,000 as an S corporation. I have not setup payroll because I am not sure how to pay myself. I want to go the 1099 route because that was the way I was working before I incorporated. However, as an I.T. consultant, most of my work comes through other companies who pay me corp to corp. Bottom line can I pay myself with 1099 or must I pay W-2?