partner can not be on the payroll

Partners get paid through guaranteed payment for the capital or service they provide which will be reflect on their K-1 form the 1065.

所有跟帖： 

• 那partnership deduct guaranteed payment as business expense 的依据是什 -肥牛- ♀ (0 bytes) () 10/29/2014 postreply 20:13:05

• G/P will be shown on partners 1040 as income -Flower_River- ♀ (0 bytes) () 10/29/2014 postreply 20:17:36

• 谢谢。知道了G/P will be reported as ordinary income, but not subject t -肥牛- ♀ (26 bytes) () 10/29/2014 postreply 20:23:51

• FYI in addition to income tax, G/P is also subject to SE tax for -Flower_River- ♀ (0 bytes) () 10/29/2014 postreply 20:32:59

• 多谢， 但garanteed payment is included in K1 box 4, not box 14, so n -肥牛- ♀ (62 bytes) () 10/29/2014 postreply 23:37:28

• active partners are subject to SE tax -Flower_River- ♀ (0 bytes) () 10/30/2014 postreply 15:38:39