docinc17
Returning Member

Business & farm

Thank you for your response. Will it send a red flag at all that the interest I received does not "match" my personal income (i.e. W2)? Almost is if I took the business income in the savings account as a distribution without reporting it?

If this could be a potential issue in the future, is it best to open a savings account that is strictly under the S corp name, or is this a moot point?