
Originally Posted by
ava$
I never knew that the income wouldn't be taxed if it wasn't distributed in the year it was made but if your an s corp, you wouldn't have had to pay taxes on the s corp $$, your only taxed once its been passed through to the shareholders and claimed on each person's taxes individually. So I wonder if you could hold $ in your s corp account and distribute it the next year, basically avoiding tax? IDK I probably need to see an accountant, there are so many details. Im really trying to figure out how to pay the least amount of taxes I could possible, my tax bill is no joke :/
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