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people if you own a small business and you pay any company for anything thats not a box store you know like if youre going to Walmart Staples or whatever thats a given but if youre paying any private business owner business to business uh for services or product youre going to ask for a W-9 that W-9 is the key to telling you whether or not you issue them a 1099. hes trying to get money in the 401K but keeping his FICA down and believe it or not the IRS is on to this but it makes sense to have my ownership interest be owned by an LLC taxed as an S Corp in that situation would the IRS want my reasonable salary to at least be the guaranteed payments received from the partnership theyre going to have a lower salary and still meet the reasonable comp threshold welcome everyone to the mainstream business podcast with Mark Kohler and Matt Sorensen excited for today the peoples show open form where were answering your tax and legal questions yes this is the people show I like that ni