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  1. Thank you very much for the clear explanation,...

    Thank you very much for the clear explanation, its what I figured for the personal tax liability but had no clue that the "reimbursement" had to be done as a distribution, so thank you very much for...
  2. Reimbursing owner for taxes paid from S-corp profits

    I am 50% owner of an s-corp which had a profit last year. I did not take any distributions or bonuses but the profit was passed on to me since the business is an S-corp. First question, how do I...
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