OT: Unemployment Abuse

[blahblahblah]

Brian has it right. I thought he was saying he was an employee of his corp with payroll and state/federal deductions, but it sounds like he’s just 1099-ing it. So if that’s the case he’s not paying any state unemployment, disability, etc… Just federal SSDI and MDCR via self-employment tax.

[blahblahblah]

Hi Brian, you can still be a payrolled employee of an S-Corp, even as one of the owners. I have been an employee of a couple of different S-Corps in the past. In fact this is preferred over 1099 because you pay the state taxes for unemployment/disability.

[blahblahblah]

Hi Brian, you can still be a payrolled employee of an S-Corp, even as one of the owners. I have been an employee of a couple of different S-Corps in the past. In fact this is preferred over 1099 because you pay the state taxes for unemployment/disability.

[blahblahblah]

Hi Brian, you can still be a payrolled employee of an S-Corp, even as one of the owners. I have been an employee of a couple of different S-Corps in the past. In fact this is preferred over 1099 because you pay the state taxes for unemployment/disability.

[blahblahblah]

Hi Brian, you can still be a payrolled employee of an S-Corp, even as one of the owners. I have been an employee of a couple of different S-Corps in the past. In fact this is preferred over 1099 because you pay the state taxes for unemployment/disability.

[blahblahblah]

Hi Brian, you can still be a payrolled employee of an S-Corp, even as one of the owners. I have been an employee of a couple of different S-Corps in the past. In fact this is preferred over 1099 because you pay the state taxes for unemployment/disability.

[sdduuuude]

I am currently a payroll employee an S-corp. I am the only shareholder of that S-corp. The S-corp pays me salary and all the payrol taxes associated with it.

Though, the way I understand it is, 1099 contractors are required to pay in as well.

And, neither can get unemployment benefits. I could be wrong about the 1099 situation, though, because I’m not in that situation.

I think brian is right. Because I’m an officer, I can’t make the claim.

brian – I take half salary and half small biz distribution. This allows me to put money into a pre-tax retirement fund (25% of salary) and also is a little less prone to IRS scrutiny.

Since I can’t draw on the unemployment, the premiums I pay are, without a doubt, part of the self-employment tax.

[sdduuuude]

I am currently a payroll employee an S-corp. I am the only shareholder of that S-corp. The S-corp pays me salary and all the payrol taxes associated with it.

Though, the way I understand it is, 1099 contractors are required to pay in as well.

And, neither can get unemployment benefits. I could be wrong about the 1099 situation, though, because I’m not in that situation.

I think brian is right. Because I’m an officer, I can’t make the claim.

brian – I take half salary and half small biz distribution. This allows me to put money into a pre-tax retirement fund (25% of salary) and also is a little less prone to IRS scrutiny.

Since I can’t draw on the unemployment, the premiums I pay are, without a doubt, part of the self-employment tax.

[sdduuuude]

I am currently a payroll employee an S-corp. I am the only shareholder of that S-corp. The S-corp pays me salary and all the payrol taxes associated with it.

Though, the way I understand it is, 1099 contractors are required to pay in as well.

And, neither can get unemployment benefits. I could be wrong about the 1099 situation, though, because I’m not in that situation.

I think brian is right. Because I’m an officer, I can’t make the claim.

brian – I take half salary and half small biz distribution. This allows me to put money into a pre-tax retirement fund (25% of salary) and also is a little less prone to IRS scrutiny.

Since I can’t draw on the unemployment, the premiums I pay are, without a doubt, part of the self-employment tax.

[sdduuuude]

I am currently a payroll employee an S-corp. I am the only shareholder of that S-corp. The S-corp pays me salary and all the payrol taxes associated with it.

Though, the way I understand it is, 1099 contractors are required to pay in as well.

And, neither can get unemployment benefits. I could be wrong about the 1099 situation, though, because I’m not in that situation.

I think brian is right. Because I’m an officer, I can’t make the claim.

brian – I take half salary and half small biz distribution. This allows me to put money into a pre-tax retirement fund (25% of salary) and also is a little less prone to IRS scrutiny.

Since I can’t draw on the unemployment, the premiums I pay are, without a doubt, part of the self-employment tax.

[sdduuuude]

I am currently a payroll employee an S-corp. I am the only shareholder of that S-corp. The S-corp pays me salary and all the payrol taxes associated with it.

Though, the way I understand it is, 1099 contractors are required to pay in as well.

And, neither can get unemployment benefits. I could be wrong about the 1099 situation, though, because I’m not in that situation.

I think brian is right. Because I’m an officer, I can’t make the claim.

brian – I take half salary and half small biz distribution. This allows me to put money into a pre-tax retirement fund (25% of salary) and also is a little less prone to IRS scrutiny.

Since I can’t draw on the unemployment, the premiums I pay are, without a doubt, part of the self-employment tax.

[briansd1]

If you’re the president and likely 100% shareholder of the corporation, then the corp can’t lay you off.

The fact that the corporation losses a contract, or even goes into the red, doesn’t mean you’re unemployed.

You get the corporate veil and the corporation is a separate legal entity from you. That’s a great benefit.

Now if the corporation goes bankrupt, then you maybe able to get unemployment by appealing if you’re denied.

[briansd1]

If you’re the president and likely 100% shareholder of the corporation, then the corp can’t lay you off.

The fact that the corporation losses a contract, or even goes into the red, doesn’t mean you’re unemployed.

You get the corporate veil and the corporation is a separate legal entity from you. That’s a great benefit.

Now if the corporation goes bankrupt, then you maybe able to get unemployment by appealing if you’re denied.

[briansd1]

If you’re the president and likely 100% shareholder of the corporation, then the corp can’t lay you off.

The fact that the corporation losses a contract, or even goes into the red, doesn’t mean you’re unemployed.

You get the corporate veil and the corporation is a separate legal entity from you. That’s a great benefit.

Now if the corporation goes bankrupt, then you maybe able to get unemployment by appealing if you’re denied.

[briansd1]

If you’re the president and likely 100% shareholder of the corporation, then the corp can’t lay you off.

The fact that the corporation losses a contract, or even goes into the red, doesn’t mean you’re unemployed.

You get the corporate veil and the corporation is a separate legal entity from you. That’s a great benefit.

Now if the corporation goes bankrupt, then you maybe able to get unemployment by appealing if you’re denied.

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