[oldbrowser]

I believe in a sub chapter S corporation the corporate profits are taxed as individual income weather you take them out or not.

[oldbrowser]

weather=whether

[Snuph]

As an Ex owner of several sub SS corps: The profits are taxed whether you take them or not. They are taxed whether they are real or not. they are taxed period. What do I mean by real? Realized would be a better term. Paid for inventory is counted as profit even though it is sitting in the warehouse because it is an asset

[giotto]

I believe in a sub chapter S corporation the corporate profits are taxed as individual income weather you take them out or not.

That was my understanding. There's no such thing as a "salary" for the owner. Everything left over after the expenses and deductions are subtracted is the owner's tax liability.