Below Ground Posted April 21, 2008 Posted April 21, 2008 On what forms and on what lines does the Sole Proprietor use to deduct his/her Salary Deferral, Employer Contribution for himself/herself, and Employer Contribution for employees? I assume that deferrals by employees are a payroll expense. Thanks! Having braved the blizzard, I take a moment to contemplate the meaning of life. Should I really be riding in such cold? Why are my goggles covered with a thin layer of ice? Will this effect coverage testing? QPA, QKA
masteff Posted April 21, 2008 Posted April 21, 2008 Sole prop would be a Schedule C filer. Employer contributions for employees are reported on Sch C, line 19. All contributions for the owner are reported on form 1040, line 28. And yes, employee deferrals are part of gross payroll expense. Kurt Vonnegut: 'To be is to do'-Socrates 'To do is to be'-Jean-Paul Sartre 'Do be do be do'-Frank Sinatra
Below Ground Posted April 21, 2008 Author Posted April 21, 2008 Excellent! Could not have gotten a better answer! Thanks! Having braved the blizzard, I take a moment to contemplate the meaning of life. Should I really be riding in such cold? Why are my goggles covered with a thin layer of ice? Will this effect coverage testing? QPA, QKA
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now