Tax

Have a tax question? Ask a tax Expert

Ask an Expert,
Get an Answer ASAP!

I am sole owner of S Corp, contractor. Am I exempt from CA…

Customer Question
Hello, I am sole owner...
Hello, I am sole owner of S Corp, contractor. Am I exempt from CA SUI tax? I understand I can be exempt from DI and not exempt from FUTA. Could you confirm?
Thank you.
Submitted: 2 years ago.Category: Tax
Show More
Show Less
Ask Your Own Tax Question
Answered in 4 minutes by:
2/24/2016
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,042
Experience: 15years with H & R Block. Divisional leader, Instructor
Verified

Hello

I have not found that an employee of an S corp (which you are ) is exempt just because they are the sole shareholder.

http://www.edd.ca.gov/pdf_pub_ctr/de231ee.pdf

In a private corporation, any person who is a corporate officer and sole shareholder, or the only shareholder other than his or her spouse, may file a statement electing to be excluded only from State Disability Insurance (SDI) coverage for contributions and benefits, which includes Paid Family Leave (PFL).

I know rating takes an additional step and I truly appreciate it when you take the extra time!
When you actively click on a rating and click submit, that lets Just Answer know you were assisted and credits me for the time.

Ask Your Own Tax Question
Tax Professional: Robin D., Senior Tax Advisor 4 replied 2 years ago

Now that you have read my answer, please respond below.

Ask Your Own Tax Question
Was this answer helpful?

How JustAnswer works

step-image
Describe your issueThe assistant will guide you
step-image
Chat 1:1 with a tax professionalLicensed Experts are available 24/7
step-image
100% satisfaction guaranteeGet all the answers you need
Ask Robin D. Your Own Question
Robin D.
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 18,042
18,042 Satisfied Customers
Experience: 15years with H & R Block. Divisional leader, Instructor

Robin D. is online now

A new question is answered every 9 seconds

How JustAnswer works:

  • Ask an ExpertExperts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional AnswerVia email, text message, or notification as you wait on our site. Ask follow up questions if you need to.
  • 100% Satisfaction GuaranteeRate the answer you receive.

JustAnswer in the News:

Ask-a-doc Web sites: If you've got a quick question, you can try to get an answer from sites that say they have various specialists on hand to give quick answers... Justanswer.com.
JustAnswer.com...has seen a spike since October in legal questions from readers about layoffs, unemployment and severance.
Web sites like justanswer.com/legal
...leave nothing to chance.
Traffic on JustAnswer rose 14 percent...and had nearly 400,000 page views in 30 days...inquiries related to stress, high blood pressure, drinking and heart pain jumped 33 percent.
Tory Johnson, GMA Workplace Contributor, discusses work-from-home jobs, such as JustAnswer in which verified Experts answer people’s questions.
I will tell you that...the things you have to go through to be an Expert are quite rigorous.

What Customers are Saying:

I really was impressed with the prompt response. Your expert was not only a tax expert, but a people expert!!! Her genuine and caring attitude came across in her response...

T.G.WMatteson, IL

I WON!!! I just wanted you to know that your original answer gave me the courage and confidence to go into yesterday's audit ready to fight.

BonnieChesnee, SC

Great service. Answered my complex tax question in detail and provided a lot of additional useful information for my specific situation.

JohnMinneapolis, MN

Excellent information, very quick reply. The experts really take the time to address your questions, it is well worth the fee, for the peace of mind they can provide you with.

OrvilleHesperia, California

Wonderful service, prompt, efficient, and accurate. Couldn't have asked for more. I cannot thank you enough for your help.

Mary C.Freshfield, Liverpool, UK

This expert is wonderful. They truly know what they are talking about, and they actually care about you. They really helped put my nerves at ease. Thank you so much!!!!

AlexLos Angeles, CA

Thank you for all your help. It is nice to know that this service is here for people like myself, who need answers fast and are not sure who to consult.

GPHesperia, CA

< Previous | Next >

Meet the Experts:

Wallstreet Esq.

Wallstreet Esq.

Tax Attorney

586 satisfied customers

10 years experience

Mark D

Mark D

Enrolled Agent

1,338 satisfied customers

MBA, EA, Specializing in Business and Individual Tax Returns and Issues

Richard

Richard

Tax Attorney

4,495 satisfied customers

29 years of experience as a tax, real estate, and business attorney.

PhillipsEsq.

PhillipsEsq.

Attorney-at-Law

59 satisfied customers

B.A., M.B.A, J.D.

Robin D.

Robin D.

Senior Tax Advisor 4

18,042 satisfied customers

15years with H & R Block. Divisional leader, Instructor

Megan C

Megan C

Certified Public Accountant (CPA)

8,655 satisfied customers

Licensed CPA, CFE, CMA, CGMA who teaches accounting courses at Master's Level

jgordosea

jgordosea

Enrolled Agent

2,885 satisfied customers

I've prepared all types of taxes since 1987.

< Previous | Next >

Related Tax Questions
Is it possible to not have the perks of tax exemption yet
Is it possible to not have the perks of tax exemption yet allow people who donate to write it off their taxes if it's an LLC with a specified social purpose in the state of Texas? … read more
Carter McBride
Carter McBride
LLM
1,139 satisfied customers
My husband has a disability tax credit where ido I enter
My husband has a disability tax credit where ido I enter this on tax form Audrey … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Does employer have to pay FUTA tax for employee on STEM OPT?
Does employer have to pay FUTA tax for employee on STEM OPT? … read more
abci168
abci168
Principal
27 satisfied customers
My Indiana state tax exemption certificate asks for a 10
My Indiana state tax exemption certificate asks for a 10 digit number and my s.s. And tid is 9 digit. Why would you need a 10 digit anyway? … read more
NPVAdvisor
NPVAdvisor
CFP Licensee and Practitioner
Master's Degree
180 satisfied customers
In 2015 I did not work and I was on state disability and
In 2015 I did not work and I was on state disability and this was not reportable. Is there any carryover or credits for 2016 taxes that can be used?… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Are VA benefits (80 Percent disabled/78yrs old) No all
are VA benefits (80 Percent disabled/78yrs old) JA: Are there other sources of income (wages, interest, dividends, etc.)? Customer: No all income is pensioned JA: Anything else you want the Accountant… read more
keeperumiami
keeperumiami
Sr Financial & Tax Consultant
Bachelor\u0027s Degree
1 satisfied customers
I receive police disability retirement (non tax) state and
I receive police disability retirement (non tax) state and federal however; I have a 1099R. how do I note this or should I and where on the tax form? … read more
Cole Parker
Cole Parker
Principal/CPA
Bachelor\u0027s Degree
111 satisfied customers
Age 65 or older Exempto. Or Disabled person Exemption. and
Or Disabled person Exemption. I am Disabled and just turned 65. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Is one's financial aid for college or disability benefit
Is one's financial aid for college or disability benefit affected when one decided to start a business when the business has in tha tax year has more losses than profited?… read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
In Georgia State Income tax exempts pensions from tax up to
In Georgia State Income tax exempts pensions from tax up to $65,000 but it does not double it for married couples filing jointly. Our (my) pension income is $125,000 and we pay GA tax on $60,000. Can … read more
abci168
abci168
Principal
27 satisfied customers
If a person is receiving disability social security benefits
If a person is receiving disability social security benefits now and she receives a letter saying she will monthly widow's benefits does she still get the disability benefits or does they stop? … read more
emc011075
emc011075
Senior Tax Specialist
Bachelor's Degree
16 satisfied customers
How do I calculate FUTA taxes for wages under $7000?
How do I calculate FUTA taxes for wages under $7000? I'am trying to fill out a 940 form and my calculations are off. I had 3 employees that did not meet the $7000 mark.… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
I am dissolving a Minnesota S Corp. I was unaware of Futa
I am dissolving a Minnesota S Corp. I was unaware of Futa obligation over the last 25+ years and have only filed/payed state unemployment. Is there a statute of limitations on my obligation to file an… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Our divorce decree states we each get a tax exemption for
Our divorce decree states we each get a tax exemption for our two boys. The NON custodial parent wants to let me have his tax exemption for the year of 2017. What form is there for this? I only find o… read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Our divorce decree states we each get a tax exemption for
Second opinion] Our divorce decree states we each get a tax exemption for our two boys. The NON custodial parent wants to let me have his tax exemption for the year of 2017. What form is there for thi… read more
Robin D.
Robin D.
Senior Tax Advisor 4
18,042 satisfied customers
Disability Premiums - An S corp has 3 shareholders/officers
Disability Premiums - An S corp has 3 shareholders/officers all on payroll and two other employees. The company pays 100% of disability premiums for all 5 employees. Do I need to back entire amount of… read more
LEV
LEV
Retired
Bachelor's Degree
14,896 satisfied customers
My wife receives social security disability benefits of
My wife receives social security disability benefits of 1200. a month and my daughter received a portion of her benefits totaling 700.00 per month. I have an AGI of 34000.00 for 2017. Do I have to cla… read more
Robin D.
Robin D.
Senior Tax Advisor 4
18,042 satisfied customers
Has the disabled tax credit been changed? In the beginning,
has the disabled tax credit been changed? In the beginning, type 2 diabetes was used as an example of a disabilty that would be approved. … read more
Barbara
Barbara
Enrolled Agent, Paralegal
5,255 satisfied customers
Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Disclaimer: Information in questions, answers, and other posts on this site ("Posts") comes from individual users, not JustAnswer; JustAnswer is not responsible for Posts. Posts are for general information, are not intended to substitute for informed professional advice (medical, legal, veterinary, financial, etc.), or to establish a professional-client relationship. The site and services are provided "as is" with no warranty or representations by JustAnswer regarding the qualifications of Experts. To see what credentials have been verified by a third-party service, please click on the "Verified" symbol in some Experts' profiles. JustAnswer is not intended or designed for EMERGENCY questions which should be directed immediately by telephone or in-person to qualified professionals.

Show MoreShow Less

Ask Your Question

x