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1 1 An S Corp shareholder pays individual Federal estimated tax out of their business checking account, this is: Not allowed and the shareholder could
An S Corp shareholder pays individual Federal estimated tax out of their business checking account, this is:
Not allowed and the shareholder could face penalties for doing so
Not deductible and treated as a shareholder distribution on the books of the S corp
Deductible by the S corp as business taxes
Deductible by the S corp as contract labor by the shareholder and a NEC must be issued
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