KevinMc Posted July 17, 2012 Posted July 17, 2012 Would a 1 person S corporation use the 415 Safe Harbor definition of compensation for determining a profit sharing contribution (does this definition include S corp. income)---Thanks.
Bill Presson Posted July 17, 2012 Posted July 17, 2012 Would a 1 person S corporation use the 415 Safe Harbor definition of compensation for determining a profit sharing contribution (does this definition include S corp. income)---Thanks. S Corp dividends are not earned income. William C. Presson, ERPA, QPA, QKA bill.presson@gmail.com C 205.994.4070
cpc0506 Posted July 17, 2012 Posted July 17, 2012 Would a 1 person S corporation use the 415 Safe Harbor definition of compensation for determining a profit sharing contribution (does this definition include S corp. income)---Thanks. For S-Corp, definition of compensation is w-2 wages. You cannot use net earnings as comp.
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