I want to maximize my corporate profit-sharing plan contributions, do I need to artificially inflate my own W-2 wages to achieve the highest possible legal allocation?

Question

Kohari Gonzalez Oneyear & Brown · Accepted Answer

Corporate profit-sharing allocations often depend on several moving parts, including plan design, compensation definitions, and how payroll is reported on the W-2. In many cases, the distinction between owner compensation and employee compensation can matter, along with whether the plan uses a safe  For an answer applied to your exact numbers, bring this question to a licensed KGOB CPA in a focused session and leave with a clear next step.