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TAX REPORTING

Is a Repayment to an S Corp Owner Taxable?

By The BIDaWIZ Team on April 22nd, 2010 at 8:00 am
Recently started a business and now wondering if you can receive distributions from your s-corporation tax free? Well, the good news is that it is tax-free BUT only to the extent that the distribution doesn't exceed your basis. We go through all of the details below. .
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