Not that familiar with S_Corps as I am with partnerships. The fact you have an s-Corp didn't 'Click' until the word "corporation" in your followup comment. But from what I read in various documents on irs.gov, shareholders in an S-Corp are required to take minimum distributions each year, if the corp has a profit. Don't know if this document will help or not (Until someone more knowledgeable that me on S-Corps answers), but here ya go.
<a rel="nofollow" target="_blank" href="
http://www.staleylaw.com/images/S_corp_Distribs_-_Make_Fix_-_15383.pdf">http://www.staleylaw.com/ima...>
