nj_don
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I fully understand the need to pay a reasonable salary and was really thinking out loud here.If the salary portion of compensation is above the SS tax threshold...
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So is there any benefit of taking everything as salary vs distribution?
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Have a follow-up question that hopefully can be answered!I did enter the distribution amount and generated the k1 but notice that the K1 does not indicate this ...
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@TurboTaxChristinaS- Thanx for the prompt reply!
Activity Feed for nj_don
- Posted S-Corp Meals and Entertainment on Business & farm. June 5, 2019 11:30 PM
- Posted Yes, valid point :) on Business & farm. May 31, 2019 11:51 PM
- Posted I fully understand the need to pay a reasonable salary an... on Business & farm. May 31, 2019 11:51 PM
- Posted So is there any benefit of taking everything as salary vs... on Business & farm. May 31, 2019 11:51 PM
- Posted Have a follow-up question that hopefully can be answered!... on Business & farm. May 31, 2019 11:51 PM
- Posted @TurboTaxChristinaS - Thanx for the prompt reply! on Business & farm. May 31, 2019 11:51 PM
- Posted S-Corp Distribution and 1099-DIV on Business & farm. May 31, 2019 11:51 PM