"Harlan Lunsford" <hnospamlunsford[at]bellsouth.net> wrote:
- quote -

Harlan, what is your rationale that such an expense is a
corporate expense? How the employee invests his money and
the expenses required to help him choose are a personal
expenditure.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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Liz K wrote:

- quote -

Sure does. If my sub s corporation had such a plan, and
paid the fees which are what we call "ordinary and
necessary", it would be entitled to the deduction IF paid
separately from the contributions by the corporation. (as
opposed to netted out.)

ChEAr$,
Harlan Lunsford, EA n LA

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"Liz K" <lzk4[at]yahoo.com> wrote:

- quote -

Those are personal expenses not corporate expenses. Whether
you need them or not isn't the issue, you as an individual
invest your own money, the corporation doesn't invest it for
you.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

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I have a S-corp with myself as the sole owner/employee and I
have an Individual 401K (also called Uni-K or solo-401K).
I know that 401K setup fees are qualified expenses for the
S-corp. (I didnt have any setup fees as I went with
TDWaterhouse which is free).

I was wondering if membership fees for sites such as
morningstar.com (or smartmoney.com) qualify as a legitimate
expense for the S-corp. My rationale is that I need the
membership to help make decisions on investing the
Individual-401K money. Does this make sense?

Thanks in advance
lzk

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