Question
S corporation shareholders who own more than 50% of the business and are also employees of the corporation should a) declare all income as compensation
S corporation shareholders who own more than 50% of the business and are also employees of the corporation should
a) declare all income as compensation for services
b) be taxed like a corporation
c) declare all income as corporate earnings
d) distinguish between compensation for services and their share of corporate earnings.
e) use the safe harbor rule
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
