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mk_emmons
New Member

Tax treatment of stipends to corporate board members

 
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Accepted Solutions
bwa
Alumni
Alumni

Tax treatment of stipends to corporate board members

If by "stipends" you mean Director's fees, then the taxation depends on whether they are also employees or not.

  • non-employee directors receiving director's fees report them as self-employment income.
  • employee's who are also directors receiving director's fees should have them included with their wages subject to FICA and Medicare taxes.

View solution in original post

1 Reply
bwa
Alumni
Alumni

Tax treatment of stipends to corporate board members

If by "stipends" you mean Director's fees, then the taxation depends on whether they are also employees or not.

  • non-employee directors receiving director's fees report them as self-employment income.
  • employee's who are also directors receiving director's fees should have them included with their wages subject to FICA and Medicare taxes.

View solution in original post

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