Can I pay an owner or shareholder distribution from Patriot Software?
Paying owner or shareholder distributions are payments of corporate earnings and not taxed as regular income through payroll. If you want to pay a distribution to an owner or shareholder you can set up a non-taxable money type, but the owner/shareholder will not have taxes deducted or receive a W-2 at year-end.
For further info, see the IRS page Paying Yourself from the IRS website.
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