Traditionally, non-employee directors serving on a corporation's board have been paid an annual retainer fee, plus a collection of fees for attending meetings, serving on committees, and acting as lead committee chairperson. Expenses are typically covered as well.rnPayments made to corporate directors for their work on the board are includable in their gross income as payments for personal services rendered, regardless of the form in which they are given (wages or other consideration). The employer takes a corresponding business deduction.
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