I'm currently being paid as a 1099 wage earner and I also own an S-Corp. The company who pays me the 1099 income is not able to pay the S-Corp directly because they pay with a pay card from Bank of America, and BofA only issues paycards to people with social security numbers.
Since my S-Corp has no social security card, it can't get a paycard and hence can't be paid directly.
My question is how can I get the 1099 income into the S-Corp without having to show I've personally earned 1099 income? I want to make it so my S-Corp has earned the money, not me. I want to avoid the 15% self-employment tax.
Thanks
2007-10-26
10:11:27
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4 answers
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am
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