This forum post is hidden because you have chosen to ignore ljones190. Show Details
This forum post is hidden because you have submitted an abuse report against it. Show Details
WRONG. Corporations AND Shareholders are seperately taxed on THEIR income from the corporation.
"The Corporation isolates the business and its affairs from the personal affairs of the actual owners, who are the shareholders.
This means that the Corporation must pay its own “income taxes.”
In the case of other business structures such as sole proprietorships, LLCs, and partnerships, the tax obligation is passed on to the owners directly. They then pay the income tax on the profits as part of their own personal income taxes."