Omg, thank you so much for clarifying which forms are required with filing as an S Corp!! Please make a video on tax strategies for excess distributions. I have taken out 3rd party loans on scorp thinking 3rd party loans such as EIDL would be basis contribution. Now i might have to pay capital gains on my excess distributions. Thank you!!
Excellent video. I want to thank you for this informative watch. I appreciate your efforts. Keep up your great work.
Thank you.
Omg, thank you so much for clarifying which forms are required with filing as an S Corp!! Please make a video on tax strategies for excess distributions. I have taken out 3rd party loans on scorp thinking 3rd party loans such as EIDL would be basis contribution. Now i might have to pay capital gains on my excess distributions. Thank you!!
Noted!
Is it still beneficial to file as an s-corp if your basis is zero?