If S-corp has a cashflow problem , can you still pay yourself 265k in salary by using personal funds or line of credit and carry S-corp losses to your personal tax return or to next year S-corp / personal tax return?
Thank you.
Thank you.
If S-corp has a cashflow problem , can you still pay yourself 265k in salary by using personal funds or line of credit and carry S-corp losses to your personal tax return or to next year S-corp / personal tax return?
Thank you.
Click to expand...
Correct and if the loan is for an “extended time ” interest will need to be charged…prob more of a hassle than its worth
Click to expand...
Comment