Question
Given a choice, would an S-Corp owner/employee rather take money out of his/her S-Corp as salary or as distributions? Be specific in your answer and
Given a choice, would an S-Corp owner/employee rather take money out of his/her S-Corp as salary or as distributions? Be specific in your answer and provide an explanation.
What is the tax accountant's role in preventing the kind of abuse the article discusses?
Do other entity forms (C-Corps, Partnerships, and sole proprietorships) suffer from the same incentive related to salary? Why or why not?
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Intermediate Accounting
Authors: Fred Skousen, James Stice, Earl Kay Stice
14th Edition
0324013078, 9780324013078
