ERICH LAW, PLLC
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Correct SEP Compensation for S-Corp Owner
ERICH LAW, PLLC replied to Jed Macy's topic in SEP, SARSEP and SIMPLE Plans
Specifically, you may use "wages as defined for income tax withholdings, Box-1 of Form W-2, or the EE's Social Security earnings (including elective deferrals)." In other words - employer's choice, so long as all EE's get the same treatment (I don't mean by getting health premiums paid by the S-Corp).