S Corp opening up a 529 Plan for employee's kids

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02-03-2012, 02:07 PM

kamiemac

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Join Date: Feb 2012

Posts: 3

S Corp opening up a 529 Plan for employee's kids

A husband and wife own an S corp and are the only employees. They would like to set up a 529 plan for their grandkids. Is this a tax deductible expense for the S corp and income to the employee?

« Business Activity Codes on 1120S form | paying yourself via a 1099-misc as a parner of s corp »

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