#409 Open Forum Q & A | Your Tax and Legal Questions!
Main Street Business
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Do You Own More Than 50% of the Other Majority?
You can be at 49 or less and do your solo 401k. If you get audited, all of it is subject to FICA. Currently pay ourselves that W two income and distributions. That's not allowed in an LLC 1065. Accountants try to put a freaking square peg in a round hole by putting LLC owners on payroll.
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