If you are a shareholder in an S-Corp and receive a distribution in respect to stock; do you have to pay any tax on it? For example, let's say you made $50,000 as part of your regular salary as an employee of said S-Corporation. That is taxed, I know. Now, let's say you receive an additional $30,000 at the end of the year in the of a distribution in respect to stock. Do you pay taxes on that $30,000 or do you get to keep it all free and clear?
2006-11-04
14:56:26
·
3 answers
·
asked by
Anonymous
in
United States