TaxGuyBill
So if I understand correctly...if I have 2% ownership in a LLC and also work full time on a monthly salary, are you saying the salary should be W2? In the past all employee/owners get a K1 that has had the business tax credits deducted out of each owners K1 example: if you were paid 50k and your 2% of the tax deduction is 1k then your K1 will show 49k and it is up to the owner/employee to pay taxes as a K1. I always felt that if your working as an employee that they should all be paid W2.
