QUESTION: If I
start to pay myself salary compensation and elect to be taxed as an
S-Corporation but still operate as
an LLC, how does it affect the calculation of my contribution to the self-directed Solo 401k?
E.g total salary is $70K, net income
is $30K after all expenses including salary.
Thanks.
J
J
ANSWER: Good question. Contributions to Solo 401k based on S-Corporation status
are based on W-2 wages. Interesting that you pose this question because we
responded to a client inquiry regarding this yesterday and posted the following
blog which can be viewed by clicking on following link:
No comments:
Post a Comment