What if the taxpayer is more than a 2% S corporation shareholder that included health insurance in their taxable wages under the Internal Revenue Code?
Related Questions
- No, you did not quite understand me properly. With an S Corporation, distributions are not taxable to the shareholder. Each shareholder pays taxes are ordinary rates on his or her share of the profits - regardless of whether distributed. S Corporations do not pay dividends.
- I am a shareholder in a tax-option (S) corporation. What types of income can I include when computing the tax imposed on the business operations of the tax-option (S) corporation?
- Does an S corporation shareholder need wages for retirement plan purposes?
