TN 13 (11-12)

RS 01803.150 Computing Net Earnings from Self-Employment (NESE) of Corporate Directors

A. Treatment of corporate directors beginning with tax year 1991

Beginning with tax year 1991, a corporate director must report fees earned from services as a director in the year he or she receives the earnings, rather than the year he or she performs the services; regardless of when he or she performed the services.

B. Treatment of corporate directors prior to tax year 1991

Prior to the change in the law, a corporate director was required to report earnings received for services as a director in the year he or she performed the services, rather than the year he or she was actually paid.


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http://policy.ssa.gov/poms.nsf/lnx/0301803150
RS 01803.150 - Computing Net Earnings from Self-Employment (NESE) of Corporate Directors - 11/20/2012
Batch run: 11/20/2012
Rev:11/20/2012