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Business & farm
@Mybesttaxservice wrote:
Some small business S Corp have option to reduce payroll service's fee by issuing officer (yourself) 1099NEC the end of year and pay self employment instead payroll if S Corp has profit .
No, that is NOT allowable. The law says an officer of a corporation is an employee, not an Independent Contractor.
May 2, 2022
6:56 PM