SEARCH
Help
RESOURCES
Article Date:
August 2023


Word Count:
475

 

 

Are Corporate Advances to the Owner Loans, Dividends, or Salary?


If you operate your business as a C or an S corporation and if you loan money to the corporation or the corporation loans money to you, you need documentation that the loan is a loan.

 

With the S corporation, the loan that fails as a loan can result in taxable wages to you.1

 

With the C corporation, the loan that fails as a loan can result in taxable dividends to the shareholder.

 

Good News, Bad News

 

Nariman Teymourian got a real shock when, ... Log in to view full article.

Log in to view full article

Already a subscriber?

Email Address


Password


Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee
Clicky