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1. For tax purposes, how is the compensation paid to an S corporation shareholder like compensation paid to an owner of an entity taxed as

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1. For tax purposes, how is the compensation paid to an S corporation shareholder like compensation paid to an owner of an entity taxed as a partnership? How is it different? 2. When a C corporation reports a loss for the year, can shareholders use the loss to offset their personal income? Why or why not

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