My Account
Sign up, and you'll be able to customize your font size and more!
Sign up
Report problem with this ad
Start a related thread
Start a related poll
Reply via Boardmail
Mar 27, 2024
2:00
:25
pm
BYU-Ite
All-American
If your S corp was previously a C corp with E&P, the advice on this thread may
not necessarily be true. Everything they said above is true, if you've never been a C corp.
Start a related thread
Start a related poll
Reply via Boardmail
Report problem with this ad
BYU-Ite
Bio page
BYU-Ite
Joined
Jan 9, 2002
Last login
May 30, 2024
Total posts
8,130 (17 FO)
Report problem with this ad
Messages
Author
Time
Question re: S corp distributions to shareholders
SV72 Sale
Mar 27, 1:47pm
RE: Question re: S corp distributions to shareholders
Archaea
Mar 27, 1:49pm
are there not supposed to be retained earnings? What do you do with
SV72 Sale
Mar 27, 3:24pm
There are two potential concepts at play here. Retained earnings is a financial
VenturaCoug
Mar 27, 3:38pm
Tax free up to their basis in the S corp. Anything in excess is capital gain.
allaboutthegainz
Mar 27, 1:50pm
Board name checks out
VenturaCoug
Mar 27, 2:03pm
<< Deleted >>
diluigifan
Mar 27, 1:52pm
Retained earnings have already been taxed. But any distribution must go to current shareholders.
Niiineteeen84
Mar 27, 1:54pm
That makes sense.
Archaea
Mar 27, 1:56pm
If your S corp was previously a C corp with E&P, the advice on this thread may
BYU-Ite
Mar 27, 2:00pm
How does having been converted the C Corp potentially change the advice?
Archaea
Mar 27, 2:01pm
If the S corporation has E&P, a distribution to shareholders may result in:
BYU-Ite
Mar 27, 2:06pm
Thank you. I continue to learn.
Archaea
Mar 27, 2:58pm
Thanks everyone for taking the time to respond. CB feedback is always
SV72 Sale
Mar 27, 3:25pm
Report problem with this ad
Posting on CougarBoard
In order to post, you will need to either
sign up
or
log in
.
Report problem with this ad