Expect a push by Obama and this congress to go after company’s undistributed earnings just like FDR did when faced with the same reluctance to spend.
>> Expect a push by Obama and this congress to go after company’s undistributed earnings just like FDR did when faced with the same reluctance to spend.
Scary thought, that.
I have an S-corp. If I get hassled about distributions vs salary I was thinking about changing structure to a C corp and just keeping my “savings” as (already taxed) undistributed earnings, until dividend rates go down. If undistributed earnings are taxed to extinction then that wouldn’t work so well.
...good point Erik....and all the more reason the Dems must be thrown out this Nov.