Discussion:EIC generated by client controlled wages
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Discussion Forum Index --> Advanced Tax Questions --> EIC generated by client controlled wages
Discussion Forum Index --> Tax Questions --> EIC generated by client controlled wages
| 6 November 2009 | |
| Client wholly owns S corp....paid himself wages of $16K. Due to NOL's (part generated by S corp taxable income reduced to negative amount and EIC generated. Can client claim EIC ($4K) if he had sole control of of wage setting? Wages are reasonable with respect to small business operation. Thanks in advance... | |
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