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Are S-Corp Distributions/Draws Taxable? [E070]
Episode 7015th June 2023 • Business By The Numbers • LSTN Media LLC
00:00:00 00:34:12

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  1. This week Hunt discusses a common misconception surrounding S-Corp draws and how they are taxed.

• What is a draw and how do you know how much you can take out of your business?

• Does the amount that I pay myself have any relationship or impact on how much in draws I can take?

• Do I pay tax on my draws?

• What are issues that I could end up paying taxes on my distributions from my business?

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