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Business & farm
I highly suggest you find a qualified tax preparer and/or bookkeeper to get the paperwork in order since this can be a messy situation to compute. And I hope you are taking a reasonable salary in addition to the draws because if you are not the IRS can penalize you severely so seek professional help to get your books in order and complete at least the first corporate return.
‎June 6, 2019
1:37 AM