Solved: Can a C-corp shareholder be paid as a subcontractor?

loboacounting · ‎12-07-2019

Can a C-corp shareholder be paid as a subcontractor? I know they can take Dividends payment and be on salary but can they be paid as a subcontractor and report the income on a Schedule C?

George4Tacks · ‎12-07-2019

Can? Yes. Legitimately? Maybe. https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-o... and also look at your state. California has just set new standards.

Here's wishing you many Happy Returns

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George4Tacks · ‎12-07-2019

Can? Yes. Legitimately? Maybe. https://www.irs.gov/businesses/small-businesses-self-employed/independent-contractor-self-employed-o... and also look at your state. California has just set new standards.

Here's wishing you many Happy Returns

abctax55 · ‎12-07-2019

Very, very onerous standards....that are already being challenged. It's gonna' be interesting.

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks · ‎12-07-2019

Interesting is a very sneaky way to lyft my knowledge to it's über heights.

Here's wishing you many Happy Returns

abctax55 · ‎12-07-2019

(LOL - you've been on a roll lately...

)

"*******Tax software is no substitute for a professional tax preparer*******
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George4Tacks · ‎12-07-2019

I need to be, I may be in the dark for the next two days. PG&E has me on their hit list for loosing power.

Here's wishing you many Happy Returns

abctax55 · ‎12-07-2019

Come to Tahoe...I think we are going to be OK. Plus I have tandem Honda generators that will run most of my office.

"*******Tax software is no substitute for a professional tax preparer*******
( Generic Comment )"

George4Tacks · ‎12-07-2019

That only works if there are enough gas stations with power between here and there for me to fill up my tank. I think I will just sit here in the dark. We have candles. Wife & I were joking about how to light the gas stove with electric igniter. Will the toilets still flush? ... I think we can entertain ourselves. My wife will be going through withdrawal without her sewing machine.

Here's wishing you many Happy Returns

Accountant-Man · ‎12-07-2019

If you are "loosing" power you need to get a little tighter. Wine?

** I'm still a champion... of the world! Even without The Lounge.

Can a C-corp shareholder be paid as a subcontractor?

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