Post a new topic
    1 Reply Latest reply on Jan 20, 2012 10:50 AM by LUCKIEST

    S Corp - at 67 should I get paid or not

    Hulton Wayfarer

      My wife has a full time job and receives a W2.  She is 100% owner of an S.corporation in which I do most of the work. In previous years I have filed a 1099 misc and she has received pass through income via K1.  I paid self employment taxes based on my 1099 earnings.

      I am 67 and do not plan to collect social security until I'm 70.  Can I work "free in the corporation" and pass through all the profit to my wife on the K1?  We file jointly.