The instructions, straight from the IRS, state the following (http://www.irs.gov/pub/irs-pdf/iw2w3.pdf ):
Who must file Form W-2. Every employer engaged in a trade or business
who pays remuneration, including noncash payments of $600 or more for
the year (all amounts if any income, social security, or Medicare tax
was withheld) for services performed by an employee must file a Form
W-2 for each employee (even if the employee is related to the
employer) from whom: Income, social security, or Medicare tax was
withheld. Income tax would have been withheld if the employee had
claimed no more than one withholding allowance or had not claimed
exemption from withholding on Form W-4, Employee's Withholding
Allowance Certificate. Unless otherwise noted, references to Medicare
tax include Additional Medicare Tax. If you are required to file 250
or more Forms W-2 or want to take advantage of the benefits of
e-filing, see E-filing.
The more appropriate question is "should we be talking salary". Generally you must pay yourself a reasonable salary, at least if the company is making money. In case of C-Corp, the IRS might expect reasonable salary for officers even if there are losses, since C-Corp can accumulate those. You should discuss it with a CPA, but you might get nailed by the IRS for not drawing salary.