Article Date:
April 2021


Word Count:
944

 

 

Can You Claim the ERC for the Owner of a C or S Corporation?


Members of the tax community struggle with the “solo corporate owner” qualification for the employee retention credit (ERC).

 

In their recently published The Employee Retention Credit Guide, authors Alan S. Gassman, Brandon L. Ketron, Patrick D. Collins, and Ian McClean make this comment:1

 

Wages paid to individuals that are “related” to a more than 50 percent owner of the eligible entity are not counted as wages for purposes of the ERC, even though wages paid to an owner and the owner’s spouse will be counted.

 

Gassman, who writes for Forbes, is particularly well respected in the tax ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Password


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee
Clicky