Federal Tax

  • 1.  C-Corp/medical

    Posted 12-06-2016 05:49 PM

    A client has been consulting for one customer and reporting income on schedule C.  Let's say its 100k. Does anyone see any problems if the client starts a corp. and consults in the name of the corp. to generate 20k of income to cover his medical insurance premiums and medical expenses? Remaining 80k will stay on schedule C.

    Thanks,

    Dan

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    Daniel Levine
    CPA
    Scottsdale AZ
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  • 2.  RE: C-Corp/medical

    Platinum Most Valuable Member
    Posted 12-06-2016 09:42 PM

    Having a fringe benefit to a shareholder and no compensation could be an issue.

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    Robert Brown
    ROBERT N. BROWN, CPA
    Jericho NY

    Original Message


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