S Corporation Owner Who Didn’t Receive Distribution Subject to Tax
Taxpayers who own an interest in an S corporation but who are not familiar with the tax rules are often surprised to learn that they have to pay tax on the business profits even if they do not receive distributions from the business. The court recently addressed this fundamental concept in Dalton v. Commissioner, T.C. […] The post S Corporation Owner Who Didn’t Receive Distribution Subject to Tax appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney