4 ms·
Distributions are not long term capital gains. The only real tax advantage is no FICA. It could be a lot if you aren't paying yourself much in wages, but I woul
by t829 12y ago
Distributions are not long term capital gains. The only real tax advantage is no FICA. It could be a lot if you aren't paying yourself much in wages, but I would be wary of the IRS disagreeing with your "market value wage" in that situation.
- abfan1127 12y agoThis is the advice I've received from 4 different CPAs. Maybe I've found 4 consistently bad CPAs... Agree on the FICA. For market value wages, I consult websites that report average salaries like glassdoor, again a recommendation from those CPAs.