Month: February 2022

Do you want to withdraw cash from your closely held corporation at a minimum tax cost? The simplest way is to distribute cash as a dividend. However, a dividend distribution isn’t tax-efficient since it’s taxable to you to the extent of your corporation’s “earnings and profits.” It’s also not deductible by the corporation. Five Alternatives … Continue reading “Making Withdrawals From Your Closely Held Corporation That Aren’t Taxed As Dividends”