In a case of first impression, the Nebraska Supreme Court ruled that a worker’s wages do not include the net profit for an employee of an S corporation.
Case: Bortolotti v. Universal Terrazzo & Tile Co., S-17-1024, 10/11/2019, published.
Facts: Terry Bortolotti worked in a family business, the Universal Terrazzo and Tile Co., for more than 30 years. Universal had at least 15 employees.
In 2011, Bortolotti became the sole stockholder and president of Universal, a subchapter S corporation. As president, Bortolotti spent about 60% of his time performing office and manageria...
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