025: Positives & Negatives of the S-Corp - Part 2 - published 09/10/2020

Shareholder Basis is next. When you take money out of an S-Corp, it should always be accounted for as either S-Corp Salaries-to-Officers, Commissions, Bonuses, Distributions other than Dividends (comparable to  a Sole Proprietor’s Drawing), Dividends, or Repayment of Loans from Shareholders.