Working for CPA network while getting unemployment
- Thread starter SixRox
- Start date
Richardhere
Newbie
- Aug 17, 2009
- 14
- 2
yes those will be earnings ...unemployment asks you for all your earnings
Fireboltgirl
Regular Member
- Dec 26, 2009
- 238
- 120
Yea, but he hasn't earnt anything yet...
Sorry, can't help since I'm not from your part of the world
Sorry, can't help since I'm not from your part of the world
flamingpanties
Newbie
- Oct 15, 2010
- 32
- 4
It's been ages since I collected unemployment, but this is how it worked back then:
You are supposed to report any work-related activities while receiving unemployment, and would not be eligible to receive it on those particular days in which you worked for yourself — regardless of whether you earned any income. The reasoning is you were not searching for paid employment in your field.
The good part is: the days you are ineligible to receive benefit are deferred, so your unemployment is post-dated for all the days you didn't collect. You can actually extend your benefits by working for yourself.
You are supposed to report any work-related activities while receiving unemployment, and would not be eligible to receive it on those particular days in which you worked for yourself — regardless of whether you earned any income. The reasoning is you were not searching for paid employment in your field.
The good part is: the days you are ineligible to receive benefit are deferred, so your unemployment is post-dated for all the days you didn't collect. You can actually extend your benefits by working for yourself.
amcfad2
Regular Member
- Feb 8, 2010
- 276
- 46
anything over $400 has to be reported as self employment income
BorisTipsIt
Regular Member
- Aug 28, 2010
- 210
- 57
S corp doesn't work. You have to take a salary from it to get money out. You can take part as a draw, but first have to take a "reasonable salary" per IRS. Ran into this once. If you don't, then you have whoever controls unemployment AND the IRS on your butt.