"mark (sixstringtheoryDOTcom)" <mark2741[at]no_chance_spammers_verizon.netwrote in message news:_nRce.1917$c86.1868[at]trndny09...
- quote -

Depends on:
1. How your business is structured
2. What state you are in

In my state, S corps must pay UE premiums on ALL employees.
Ergo, when that employee (me) is not getting paid, I collect UE.

- quote -

I have no idea - ask the legislature.

Lance Mannion wrote:
- quote -

I'm awaiting to hear more about this. I'm kind of fed up with my current
employer and was thinking of going into business for myself, but I've
been concerned that with a couple of young kids to feed, that if I don't
score enough lucrative contracts on a steady basis then I wouldn't have
income coming in that I need.

But heck, if I can just claim unemployment when the cash isn't coming
in, yet still be out there pitching my services, I may reconsider! : )

Where's the risk in self-employment if, what you say, is true?!?

mark

Ok.

But if you apply for and receive unemployment then I don't see how you
can then turn around and tell an insurance company that you were fully
employed. As a CPA and Certified Fraud Examiner I would have severe
problems with that. Also, the insurance company could use that to
cancel your insurance if you ever needed to collect as a material
misstatement in fact on your application. It's best to explain
everything just like you did here.

"Charlie K" <Chas_K[at]excite.com> wrote in message
news:1114725856.237645.68320[at]g14g2000cwa.googlegroups.com...
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It's defined differently under disability law.

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You can in mine. In fact, you are forced to pay the UE premiums on yourself.

No. I had considered that possibility.

If it's an s-corp it's not considered self-employment, you're an
employee. Read the tax code.

Also, you can't collect unemployment in my state since as a majority
owner in the corporation as you are considered always fully employed.

"Charlie K" <Chas_K[at]excite.com> wrote in message
news:1114701009.688362.143860[at]f14g2000cwb.googlegroups.com...
- quote -

WRONG on both counts. I am an employee of my S corp.
I get both a W2 and UE

"Sgt. Sausage" <nobody[at]nowhere.com> wrote in mess
- quote -

WTF! Please become aware of the law for how S corps operate.
Fraudulently ? - LOL.


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"Lance Mannion" <a[at]a.net> wrote in message
news:QPSdney-gInc5PPfRVn-hQ[at]comcast.com...
- quote -

WTF?!??

If you are "self-employed", how on earth do you
(fraudulently ?) collect unemployment?

I've always thought this was impossible. Can you
point me to some reading somewhere where it says
that what you are doing is legal?

- quote -

If you're self-employed you don't get a W-2. You also don't get to
claim unemployment.

I am currently applying for a personal disability insurance policy. I am
self-employed,
W2 income approx 100k per year.

I periodically collect unemployment when there is a lull in work. While
collecting UE,
I am in 100% "sales mode" for my corp. Assuming my income level from my corp
stays near "normal", is this going to be a problem in the underwriting
process ?

I ask for 2 reasons:

1. the app asks: am I "continuously at work full time performing the usual
duties
of my occupation, in the last 6 months".

2. the app also says: "Except as provided in the conditional receipt, no
insurance
shall take effect unless and until the policy is delivered, the first
premium is paid,
and there has been no change in...the income level, status of
employment...."

I contend that I am "performing my usual duties", and maintaining the same
"status"
of employment, but does the underwriter see it the same way? I want to be
honest,
but I don't want to disclose a potential red flag if I don't have to
[remember - my
income stays pretty consistent from quarter to quarter]

Thanks!