BG5150 Posted September 8, 2015 Posted September 8, 2015 I've always used 14 A as the starting point for figuring out plan compensation. I see a lot of returns have both 14 A and 14 C figures, with C oftentimes quite a bit larger than A. Why the disparity? C is from the 'nonfarm option'. Why the big disparity? All these doctors & lawyers can't all have farm businesses on the side, can they? QKA, QPA, CPC, ERPATwo wrongs don't make a right, but three rights make a left.
Bird Posted September 8, 2015 Posted September 8, 2015 I wonder if the accountants always know what spits out of their systems. When in doubt, I ask the accountant "what is s/he paying self-employment tax on?" Bill Presson 1 Ed Snyder
Belgarath Posted September 8, 2015 Posted September 8, 2015 Does the fact that 14A is for a general partner, and 14C is for an individual partner make the difference? For example, 14C means no deduction (I think) for unreimbursed partnership expenses? Just tossing out a random thought.
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