Solved: Tax treatment of stipends to corporate board members
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest second stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
New Member

Tax treatment of stipends to corporate board members

 
1 Best answer

Accepted Solutions
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
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

Dynamic Ads
v
Privacy Settings