IRonMaN
Level 15
12-28-2024
12:00 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
You can't "claim" money as retained earnings to avoid taxation. If the S corporation keeps the money, it is taxable income to them. If they pay it out to you, you are then the chosen one that gets to report the income.
Slava Ukraini!