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Technical

S corporation owner-employees: Who controls income? Logo aicpa

  Craig W. Smalley |   Free |   AICPA |   06 Apr 2017 |   Tax Insider

Many small-business owners set up S corporations to operate their businesses. A recent Tax Court case illustrates the importance of drafting or amending business agreements so the income earned is paid to the correct party when an S corporation is involved. This article provides the details.

Topics covered:
  • Tax: Technical: S corporation income taxation, Intermediate

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