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  • How are owner draws taxed 2024?

    owner taxes owners

    Questioner:Charlotte Roberts 2023-05-08 00:39:03
The most authoritative answer in 2024
  • Charlotte Perez——Studied at the University of Zurich, Lives in Zurich, Switzerland.

    The IRS may check on a business owner who does not pay themselves a --reasonable compensation-- to avoid paying withholding taxes. Business owners can also receive a dividend. Dividends are not taxed if it is a return of capital to the shareholder. ... Unlike W-2 wages, a draw is not taxed at the company level.read more >>
    +119962023-05-13 00:39:03

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