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Strategies & Market Trends : IRS, Tax related strategies--Traders -- Ignore unavailable to you. Want to Upgrade?

To: jjs_ynot who wrote (1264)	1/11/2001 4:34:42 PM
From: Shoot1st	Respond to of 1383

S-corp's are straight pass through entities...you are taxed as earned. I've used them in the past only to limit liability and protect personal assets. I don't think anything has changed in the last few years to alter this. Shootie

To: jjs_ynot who wrote (1264)	1/11/2001 7:00:34 PM
From: Colin Cody	Read Replies (1) \| Respond to of 1383

Dave, Assuming you are from the U.S.A. You may be thinking of a foreign corporation where it is promoted that you leave the earnings within the corporation overseas (or out-of-State for State Income Tax plays) and until the corporation pays you a salary, pays you a dividend, or loans you money or provides goods or services that are deemed to be taxable distributions - do you, as a U.S.A. resident & citizen recognize the taxable income here in the U.S.A. An S-corp is not the vehicle for this. Colin