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NJL44 — Sun, 08 Sep 2019 19:56:47 GMT

Forget this question. Too much is involved to get an accurate answer from this community.

Re: Salary vs rent/lease. Which benefits a corporation more at year end?

Critter — Sun, 08 Sep 2019 15:30:27 GMT

If you are not actually working for the business then you really do not need to be on the payroll and being paid rent would make more sense. Of course that would be reported on the Sch E and not be considered earned income thus things like retirement contributions would not be allowed and it could affect the tax return in other ways.

I am surprised an income tax attorney would not be more help so I suggest you seek a CPA or EA who knows corporate returns since you really need to take both the personal & business tax returns into consideration before you make a decision.

topic Delete this post. in Business & farm

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Re: Salary vs rent/lease. Which benefits a corporation more at year end?