Paying Yourself a W-2 as a Sole Proprietor?
Many Sole Proprietors and Partnerships are envious of the Section 199A 20 percent deduction. Because of this, they turn to paying themselves W-2 wages to reduce their tax burden. WRONG! A Sole Proprietor or Partner may not be W-2 employees of their own Sole Proprietor or Partnership. Neither does using a Certified Professional Employer OrganizationRead More