Are S-Corp Distributions/Draws Taxable? [E070] - Business By The Numbers
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- This week Hunt discusses a common misconception surrounding S-Corp draws and how they are taxed.
\\u2022\\tWhat is a draw and how do you know how much you can take out of your business?
\\u2022\\tDoes the amount that I pay myself have any relationship or impact on how much in draws I can take?
\\u2022\\tDo I pay tax on my draws?
\\u2022\\tWhat are issues that I could end up paying taxes on my distributions from my business?
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Paar Melis and Associates \\u2013 Accountants Specializing in Automotive Repair
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