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|Subject: Re: S-Type Corp Retirement Plans||Date: 12/16/2004 5:01 PM|
|Author: Hear2Stay||Number: 10889 of 14997|
Another question :)
I'm reading "Tax Savy for Small Business". It's a great book, but I am confused on one point.
For SEPs it reads that the maximum annual contribution is the lesser of:
- 25% of employee's compensation or 25% of the net business income of an owner...
My question is, as a 90% shareholder of an S-Type Corporation, could my distributions be counted in that 25% or only my salary?
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