ICOUNT Posted January 8, 2009 Report Share Posted January 8, 2009 These are tough times. I had a client called re: He is president & sole shareholder of his Corp if he could lay himself off and draw unemployment benefits. Officer shareholders do pay unemployment on the compensation for state purposes as I recall because Federal requires it. Has anyone have clients if this situation that have successfully drawn unemployment? Thanks for any enlightment Quote Link to comment Share on other sites More sharing options...
GeneInAlabama Posted January 8, 2009 Report Share Posted January 8, 2009 Years ago, I saw a construction company that was a C corp where the officers filed for unemployment and got it during the time when they had no work. Quote Link to comment Share on other sites More sharing options...
ACS41 Posted January 8, 2009 Report Share Posted January 8, 2009 I have an S corp client (Florida) who filed for unemployment he had zero revenue coming in due to his contract expired. I went throuh the unemployment application and if taken literally, he is elligible. If you pay into the syatem, at some point you may need to file a claim. Quote Link to comment Share on other sites More sharing options...
JohnH Posted January 9, 2009 Report Share Posted January 9, 2009 The should be no problem if they qualify. I've seen this done a couple of times over the years. The Employment Security Commission people might ask a few more questions or raise the bar a little in terms of having them prove there is no work available, but they must allow the claimant to receive benefits if they deserve them. And in the current environment, I suspect there will be even less questions asked. Quote Link to comment Share on other sites More sharing options...
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