Fringe Benefits
Guaranteed payments
Payments made to a partner for services or use of capital, without regard to the partnership's income. Treated as ordinary income and subject to self-employment tax. Used in place of W-2 wages for partners.
Payments made to a partner for services or use of capital, without regard to the partnership's income. Treated as ordinary income and subject to self-employment tax. Used in place of W-2 wages for partners.