Question

I have operated my business as an S corporation for about three years, but I have to admit I don’t really understand how it works.

Here are two questions that have been on my mind, especially now that I’ve just given my tax preparer my S corporation’s QuickBooks file to prepare this year’s tax return.

After I take a salary and have dividends, are these dividends subject to federal taxes?

Can I just have my S corporation write me a check for those ... Log in to view full article.