Business Owners - Taking Money Out of a Business

This handout discusses the tax consequences of removing money from a business. The tax implications of wages, guaranteed payments, and dividends are explained.

HIGHLIGHTS: 

  1. Classification of payments.

  2. Intermingling of funds.

  3. Taking money out.

  4. Flow-through of income.


CLIENTS WHO MAY BENEFIT:

  1. Business owners of corporations and partnerships.

  2. Business owners who want to take a one-time distribution from the business.

BusinessClare FazackerleyBusiness, Business Management, Taking Money Out of a Business, Tax Consequences, Wages, Guaranteed Payments, Dividends, Payments from Business, Intermingling Funds, Income, Income From a Business, Tax Implications