145 \\ Avoid IRS Trouble: CPA Advice on Excess Distributions & Shareholder Loans for S Corp Owners

If you own an S corporation, pulling too much money out of your business can create costly tax problems. In this episode, learn why excess distributions can trigger a shareholder loan, capital gains taxes, and IRS audits—and how to avoid them. You’ll discover clear steps to document loans with a promissory note, set up proper interest payments, and keep your business tax-compliant. Perfect for small business owners who want smart strategies to protect their business finances, reduce risk, and stay on the IRS’s good side. This episode breaks down complex CPA tax advice into plain English so you can take control of your small business finance decisions and keep more of your hard-earned income.

Episodes Mentioned in Today's Show:

🎧 Episode # 93 - "Tax Deadlines: How Overpaying Taxes is Costing You Big"

🎧 Episode #92 - "Breaking the Code: S Corp Tax Secrets Every Business Owner Must Know!"

Next Steps:

💰Pay Less in Taxes – Start Here! 💰

☎️ Are you overpaying in taxes every year?  Schedule a FREE discovery call to find out!

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