1120S - how does EE and ER profit share to 401K affect lines 7 and 17

[allesandre2014]

1120S Question

In regards to Line 7 Wages / Salary

and Line 17 Pension Profit share calculation.



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[allesandre2014]

Please help me straigten out the HSa confusion : Ca CPA / or business owner that is familiar with HSA contributions for S-corp owner more than 2% in ...

[allesandre2014]

Since we didnt contribute to the SEP yet . We will open a Solo 401k and then work on searching a new CPA. Thank you for to everyone who was so nice to ...

[allesandre2014]

Thank you so much for taking the time to give me all this valuable information . I have quite a bit of information to read and do some research as well...

[allesandre2014]

Thank you for all the replies . I would like to clarify . This years net income might be high but the placement business is volatile one year we might...

[allesandre2014]

We live in California .

[allesandre2014]

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[allesandre2014]

Yes the same duties essentially that involve the day to day operation of the business . The only difference I see (haven't given it prior thought eve...

[allesandre2014]

jacoavlu  and  jfoxcpacfp  thank you for the reply it is much appreciated. To answer some of the questions: a reasonable salary is between 40K  B...

[allesandre2014]

No additional employees. Only 2 spouses . Executive Search Practice. It is a LLC taxed as S-corp. I did ask her she only suggested the SEP with 25%...

[allesandre2014]

S - corp owner husband and wife only employees - filing joint and 5 dependents. Itemized deductions would be around 32,000 W-2 income combined $100,000 S...