|Articles|April 25, 2012

S corporation profits must be taken in the form of salary

If your practice operates as an S corporation, you'll want to know which misclassifications are especially concerning to the IRS.

Q: I operate my practice as an S corporation and was told I am permitted to take income out as profits before taxes, rather than as wages. Is this true?

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S corporation profits must be taken in the form of salary

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