Tag Archives: Work Opportunity Credits

Accumulated Earnings Tax, S-Corp Built-In Gains Tax, and Work Opportunity Credits

06 February
Accumulated Earnings Tax

Accumulated Earnings Tax (IRC §531) When a C corporation distributes its earnings to shareholders, the shareholders are subject to income tax on the dividends received. Since the corporation has already paid income tax on those earnings, the tax on dividends is considered to be double taxation of the same income (once at the corporation level and […]