Owners of closely held corporations are often interested in easily withdrawing money from their businesses at the lowest possible tax cost. The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient, since it’s taxable to you to the extent of your corporation’s “earnings and profits.” And it’s not deductible
closely held corporations
Nov 12, 2020
Do you want to withdraw cash from your closely held corporation at a low tax cost?
- By Joan Ellenbogen
- Business
- 0 Comments
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