Discussion:Profit Sharing Plan including shareholder-employee
From TaxAlmanac, A Free Online Resource for Tax Professionals
Note: You are using this website at your own risk, subject to our Disclaimer and Website Use and Contribution Terms.
From TaxAlmanac
Discussion Forum Index --> Basic Tax Questions --> Profit Sharing Plan including shareholder-employee
Discussion Forum Index --> Tax Questions --> Profit Sharing Plan including shareholder-employee
Wmccarthyix (talk|edits) said: | 2 July 2009 |
| For a C corp, that is 100% owned by a couple (80 years old) and has accrued profit sharing expense to be paid by 3/15 of the following year which includes the owner as a participant, would there be any scenario where there would need to be a book to tax adjustment for the timing of the payment due to related party rules? Because of their age does this classify as being deferred comp instead of a profit sharing plan?
~William McCarthy | |
To join in on this discussion, you must first
log in.
