Episode 67. S Coporation Loan Strategy

Interested in Tax Strategy for your Business? Send us a message with your email address and we’ll help you get started! In this podcast, I break down one of the most common — and most dangerous — mistakes I find on S corporation tax returns: the "loan to shareholder." If you own an S corporation, there's a good chance this is sitting on your balance sheet right now, and you probably have no idea it's there or why. Here's the problem. When you take out more money from your S corporation than ...