- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Business & farm
"draws" are a bookkeeping concept NOT taxable income ... you are taxed on the overall profit of the business for an S-corp wether you take out all the profits or not ... also you should be taking a paycheck from the company and issuing yourself a W-2 at the end of the year since you are an employee of the corp....
‎June 6, 2019
7:35 AM