OT: Unemployment Abuse

[briansd1]

Officers of corporations are generally not eligible for unemployment insurance.

[sdduuuude]

[quote=Leorocky]IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.[/quote]

My corp (an S-corp) does pay premiums. Has been for 14 yrs.

I’m employed now, but very interested in hearing more on this.

Please send that attorney’s name and number !

[sdduuuude]

[quote=Leorocky]IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.[/quote]

My corp (an S-corp) does pay premiums. Has been for 14 yrs.

I’m employed now, but very interested in hearing more on this.

Please send that attorney’s name and number !

[sdduuuude]

[quote=Leorocky]IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.[/quote]

My corp (an S-corp) does pay premiums. Has been for 14 yrs.

I’m employed now, but very interested in hearing more on this.

Please send that attorney’s name and number !

[sdduuuude]

[quote=Leorocky]IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.[/quote]

My corp (an S-corp) does pay premiums. Has been for 14 yrs.

I’m employed now, but very interested in hearing more on this.

Please send that attorney’s name and number !

[sdduuuude]

[quote=Leorocky]IF your company paid premiumns you should file and then hire an attorney to appeal if denied. I know somebody in a similar situation (in a different state) with the same issue. I believe he was a consultant and had an S corp set up for “his company”. He is currently collecting.[/quote]

My corp (an S-corp) does pay premiums. Has been for 14 yrs.

I’m employed now, but very interested in hearing more on this.

Please send that attorney’s name and number !

[briansd1]

[quote=sdduuuude]
The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax[/quote]

Self employment tax is social security. Normally the employer pays 1/2 and the employee pays 1/2.

If you are self employed, you can charge more for your services and you have to pay the whole amount.

Self employment tax is not unemployment insurance.

Income taxes is not unemployment insurance.

[briansd1]

[quote=sdduuuude]
The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax[/quote]

Self employment tax is social security. Normally the employer pays 1/2 and the employee pays 1/2.

If you are self employed, you can charge more for your services and you have to pay the whole amount.

Self employment tax is not unemployment insurance.

Income taxes is not unemployment insurance.

[briansd1]

[quote=sdduuuude]
The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax[/quote]

Self employment tax is social security. Normally the employer pays 1/2 and the employee pays 1/2.

If you are self employed, you can charge more for your services and you have to pay the whole amount.

Self employment tax is not unemployment insurance.

Income taxes is not unemployment insurance.

[briansd1]

[quote=sdduuuude]
The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax[/quote]

Self employment tax is social security. Normally the employer pays 1/2 and the employee pays 1/2.

If you are self employed, you can charge more for your services and you have to pay the whole amount.

Self employment tax is not unemployment insurance.

Income taxes is not unemployment insurance.

[briansd1]

[quote=sdduuuude]
The same situation exists for independent contractors working without their own corporation. They work on a “1099” where the client corporation pays them directly as an individual. They still have to pay in to unemployment (not the customer) and are not allowed to draw from it.

It’s called a “self employment” tax[/quote]

Self employment tax is social security. Normally the employer pays 1/2 and the employee pays 1/2.

If you are self employed, you can charge more for your services and you have to pay the whole amount.

Self employment tax is not unemployment insurance.

Income taxes is not unemployment insurance.

[briansd1]

[quote=sdduuuude]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.
[/quote]

If your S Corporation doesn’t have employees then you’re not paying unemployment insurance premiums.

As an owner of an S corporation, you don’t get paid a salary like other employees would. You take periodic Sub-S draws. And the profits of the corporation pass through to you for income tax purposes. That’s what an S corp is all about.

So, you’re not paying unemployment insurance.

You need to get your taxes, premiums and terminology straight.

[briansd1]

[quote=sdduuuude]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.
[/quote]

If your S Corporation doesn’t have employees then you’re not paying unemployment insurance premiums.

As an owner of an S corporation, you don’t get paid a salary like other employees would. You take periodic Sub-S draws. And the profits of the corporation pass through to you for income tax purposes. That’s what an S corp is all about.

So, you’re not paying unemployment insurance.

You need to get your taxes, premiums and terminology straight.

[briansd1]

[quote=sdduuuude]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.
[/quote]

If your S Corporation doesn’t have employees then you’re not paying unemployment insurance premiums.

As an owner of an S corporation, you don’t get paid a salary like other employees would. You take periodic Sub-S draws. And the profits of the corporation pass through to you for income tax purposes. That’s what an S corp is all about.

So, you’re not paying unemployment insurance.

You need to get your taxes, premiums and terminology straight.

[briansd1]

[quote=sdduuuude]

I’m an independent contractor. I just run everything through a corporation. Not looking for employees.
[/quote]

If your S Corporation doesn’t have employees then you’re not paying unemployment insurance premiums.

As an owner of an S corporation, you don’t get paid a salary like other employees would. You take periodic Sub-S draws. And the profits of the corporation pass through to you for income tax purposes. That’s what an S corp is all about.

So, you’re not paying unemployment insurance.

You need to get your taxes, premiums and terminology straight.

[Author]

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