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Consultant payments for S-Corp owner
I have a Vet who is working on going part time with his S-Corp practice. He is wondering if he works at a different Vet business as sub when Vet is otherwise out for Vacation etc. Doe the payment have to come to him and be reported as Sch. C - making him owe self employment taxes. Can he have his S-Corp receive those payments and then pay the takes through the S-Corp. The S-Corp would make payment (less taxes withheld) to the Vet/Owner of the S-Corp. Is this proper? This does not affect 2022 return but the Vet wanted to see for future planning.
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March 4, 2023
6:24 PM