ThomasM125
Expert Alumni

Business & farm

I'm not sure what you mean regarding a letter. You will get refunded your social security tax withheld by the S Corporation, but not the portion the company pays. Instead of filing as an S Corporation, you could file the business return as an LLC (single member LLC on schedule C or multi member LLC on partnership form 1065) and you would avoid the social security tax altogether on your excess earnings. 

 

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