Welcome Guest. Register Now!  



 
 
LinkBack Thread Tools Search this Thread Display Modes
Prev Previous Post   Next Post Next
  #1 (permalink)  
Old 01-15-2014, 11:50 AM
Junior Member
 
Join Date: Jan 2014
Posts: 2
Reducing Retained Earnings...

I will probably dissolve my 2-person c corp in the next year or so. Is there any reason not to take the $$ in retained earnings as salary in 2014 to reduce retained earnings? I realize this will result in a NOL, but do I care since the corp is going to close anyway?

There is about $20k there now.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
 



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Distribution of Retained Earnings during Dissolution of S Corp kfb1111 S-Corporation 1 02-23-2013 09:18 PM
What to do with Retained Earnings? Tex Geoas C-Corporation 3 01-26-2012 01:39 PM
retained earnings rdknight C-Corporation 1 11-21-2009 02:34 PM
Retained Earnings tellme S-Corporation 0 07-15-2009 09:18 AM
What is the significance of having Retained Earnings in a Corporation? bookkeeping C-Corporation 1 02-18-2007 08:07 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.