S
samuelj
Guest
I helped to found a CALIFORNIA S-corporation with a few partners and participated in the company for a few years but have since left the company. I still maintain my shares in the company as the company elected not to buy my shares, but I no longer receive a salary or any other compensation from the company (dividend or otherwise).
If the company shows a significant profit, am I still responsible for my shareholder tax "follow through" burden even if I receive no compensation from the company to shoulder this burden?
If the company shows a significant profit, am I still responsible for my shareholder tax "follow through" burden even if I receive no compensation from the company to shoulder this burden?