tag:blogger.com,1999:blog-19246708.post3198147086230384642..comments2024-03-29T02:05:50.350-04:00Comments on Social Security News: Why Is This Legal?Unknownnoreply@blogger.comBlogger7125tag:blogger.com,1999:blog-19246708.post-71697833355274548412016-07-18T21:49:21.572-04:002016-07-18T21:49:21.572-04:00They claim a "reasonable" salary which n...They claim a "reasonable" salary which not only keeps them insured and gets them a benefit, but but they also benefit from the weighting of the benefit formula to help career low earners.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-882353266350670822016-07-18T19:31:38.085-04:002016-07-18T19:31:38.085-04:00I have seen several SSI applicants who used to be ...I have seen several SSI applicants who used to be rich until disaster...usually medical but not always...hitAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-74989845321518825672016-07-18T19:19:29.637-04:002016-07-18T19:19:29.637-04:00Exactly 7:03 PM. "What the H*** why am I not...Exactly 7:03 PM. "What the H*** why am I not eligible for dib" or "Why is my rib benefit so small". Um, hello, you didn't pay in, we don't pay out. Too many accountants advocating this kind of thing to reduce tax liabilities without knowing the consequences. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-57677000132770710602016-07-18T19:03:35.953-04:002016-07-18T19:03:35.953-04:00All is good, until you avoid the FICA tax and sudd...All is good, until you avoid the FICA tax and suddenly those elusive 20 quarters of coverage disappear. OOPSAnonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-58177894719465245842016-07-18T18:55:42.423-04:002016-07-18T18:55:42.423-04:00When I worked at IRS, this was an audit target...a...When I worked at IRS, this was an audit target...although what is an "unreasonable salary" is a very difficult thing to prove.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-84187174828870638262016-07-18T15:38:40.287-04:002016-07-18T15:38:40.287-04:00Why shouldn't it be legal? What am I missing....Why shouldn't it be legal? What am I missing. As long as you pay yourself a reasonable salary. Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-19246708.post-82654651623664833812016-07-18T09:00:42.053-04:002016-07-18T09:00:42.053-04:00The S Corporation is one of the biggest tax dodges...The S Corporation is one of the biggest tax dodges in the country. Supposedly the shareholder-employee must claim a legitimate salary but the IRS rarely enforces the rule.Anonymousnoreply@blogger.com