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Should you keep a spreadsheet on the differences between the AAA & RE?

Should you keep a spreadsheet on the differences between the AAA and retained earnings from year to year?

Should you keep a spreadsheet on the differences between the AAA & RE?

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Posted in AAA, Retained Earnings

General Rules for S-Corporation Distributions A Random Walk Down IRC 1368

Unless you elect different treatment, for shareholder income tax purposes S corporation distributions are applied in the following order: 1. To reduce the Accumulated Adjustment Account (AAA) determined without regard to any net negative adjustment for the tax year but

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Posted in Asset Classification, Capital Gain, Corporation, Income, Self Employ, Small Business, Sub-chapter S, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests
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