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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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- if the only shareholders of a sub-s corp are husband and wife do distributions need to be proportionate to ownership or can they be considered as one.
if the only shareholders of a sub-s corp are husband and wife do distributions need to be proportionate to ownership or can they be considered as one.
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2 Comments 2
sjrcpa
Level 15
08-30-2023
01:32 PM
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I once had an S Corp with 51%/49% husband/wife ownership. They couldn't do the math for the distributions.
We resolved by having the S Corp make the check out to both of them for deposit into their joint checking account.
The more I know, the more I don't know.
