Are the wages/salaries/draws paid to corporate
officers reportable for
If the corporation was formed under Alaska Statute 10.06 wages
paid to corporate officers are not covered for unemployment and
should NOT be listed on the wage schedule portion
of the Employer's Quarterly Contribution Report OR be
included in the total wages on Line 2 of the report.
Non-profit organizations and financial institutions are not incorporated
under AS 10.06 and any corporate officer wages for these entities
must be reported.
Corporations that have an approved election of coverage on
file for their corporate officers should list each corporate officer's
wages as for any other employee. Corporate officers who have elected
coverage are subject to the same reporting requirements and taxable
wage base as other employees until such time as coverage is ended.
Coverage may be ended by written notification no later than March
15 of the year for which termination is requested.