Jesse R. asked

💰  Tax

I neglected to move the funds from the S Corp business account to my personal account in the year the business was dissolved. How do I account for this money on my tax return, and can I count it as salary or does it have to be a distribution?

August 12th, 2024

John A. answered

Since the S Corp income is taxed at the personal level, the funds left in the business bank account ...

August 12th, 2024

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