Thread: S-Corp Wages
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Old 01-24-2013, 11:11 AM
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snomaha snomaha is offline
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Join Date: Jan 2004
Location: midwest
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Quote:
Originally Posted by 205mx View Post
So any retained earnings will not be taxed until you bring them home?

Going to talk with my accountant tonight.
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I'm not an accountant but do have an s-corp. All profit funnels to the shareholders of the S corp at the end of the year and is taxed at your personal income tax rate.
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