code 3B

[Draper55]

apologize if this has been asked but i did not seeing it looking

through past posts..my question is what is the definition of self-employed

for characteristic code 3b..better yet what does a plan covering self employed mean

exactly? are we talking about sole proprietors/partners/llc members or

is a one person c corp included in this description? what about a two person

c corp with a 100% owner and a secretary..it still covers an individual who surely would

claim to be self employed...

all responses appreciated.

[Flyboyjohn]

I think "self-employed" means anyone with earned income NOT reflected on a Form W-2 (proprietors and partners that report self-employment income on tax schedule SE)

Does NOT include S corp or C corp shareholders who recieve their plan compensation on a W-2