BobKamman
Level 15
04-17-2023
11:47 AM
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It is not helping to start expounding on S Corp taxation with someone who does not prepare S Corp returns -- then to deflect when you have posted misstatements.
I should have made it clear -- "I wouldn't have a problem preparing a return for an S Corp owner/employee with a K-1 showing $50K of ordinary business income, if those funds were kept in the business to pay off debt or buy more assets -- even if that person received no W-2 wages."