Episode 70

Are S-Corp Distributions/Draws Taxable? [E070]

June 15, 202334m 12s

Audio is streamed directly from the publisher (podcasts.captivate.fm) as published in their RSS feed. Play Podcasts does not host this file. Rights-holders can request removal through the copyright & takedown page.

Original episode page

Show Notes

This week Hunt discusses a common misconception surrounding S-Corp draws and how they are taxed.

• What is a draw and how do you know how much you can take out of your business?

• Does the amount that I pay myself have any relationship or impact on how much in draws I can take?

• Do I pay tax on my draws?

• What are issues that I could end up paying taxes on my distributions from my business?

Thanks to our partners, NAPA TRACS and Promotive

Visit NAPATRACS.com and GoPromotive.com

Paar Melis and Associates – Accountants Specializing in Automotive Repair

Visit us Online : www.paarmelis.com

Email Hunt: [email protected]

Get a copy of my Book : Download Here

← All episodes of Business By The Numbers