No. of Recommendations: 1
>>There is nothing fishy about withdrawing capital from an S corp

I think you're mistaken. While I can and do pay myself a reasonable dividend from my C Corp, my accountant assures me that the IRS will not allow me to take 100% of my income as dividend, as the poster is trying to do.

While I'd love to do this and avoid payroll taxes, most of my income must come in the form of a salary.

I agree with Peter's post.
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