Eligibility

Guidelines

You are eligible if any of the following apply to you:

You are a sole proprietor or partnership; a partnership can create a plan for the partners

You are a taxpayer with wage income and Self-Employed Net Earnings (SENE)

If you have income composed of: Director fees, Executor fees, Consulting fees. You can be paid fees, hourly/weekly/monthly charges, retainers, royalties, not investment income, not salaried wages

You are a taxpayer who works for herself/himself and owns a business or a part of a business which is not incorporated. The taxpayer must perform personal services for the business

Limited Liability Corporation (LLC). It appears that the LLC is eligible and is treated similar to a partnership.
Note: You do not have to be self-employed on a full-time basis to be eligible

You are not eligible if:

You are only an S Corporation shareholder
You are a salaried doctor

Examples of Eligible People

Most small business owners: dentists, doctors, lawyers, carpenters, actors, plumbers, free-lance writers, waiters, accountants, architects, engineers, contractors, real-estate agents, security traders.
An inventor who works independently for a corporation for which he/she performed services but who was paid by the corporation for his/her invention(s).
University professor presenting seminar
Minister
Christian Science Practitioner
Some distribution drivers
Some salesmen (not full-time life insurance salesmen or used car salesmen)
Author or inventor who has net earnings from the sale or licensing of property
Some farmers
Freelance internet consultant
Business partnership which files a Schedule K
Member on a Board of Directors
Those who file a Schedule C
A Doctor who has income from a book and from court testimony

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