Get Distribution: A, C, S

If a shareholder receives a non-dividend distribution from an S corporation, the distribution is tax-free to the extent it does not exceed the shareholder's stock basis. Debt basis is not considered when determining the taxability of a distribution.

Approved for public release: distribution unlimited. DISTRIBUTION STATEMENT B. Distribution authorized to U.S. Government agencies (reason) (date of determination). Other requests for this document shall be referred to (controlling DoD office).

DISTRIBUTION STATEMENT “C” “Distribution authorized to U.S. Government agencies and their contractors (reason for restriction) (date of determination). Other requests for this document shall be referred to (insert controlling DoD office).”

A: Distributions do not need to be taken on a regular basis, they can be irregular, and the amounts can vary. The important thing is that by the end of the year they not represent more than (using the rule of thumb) 40% of your total monies received by the corporation.

Establishes a standard framework and markings for managing, sharing, safeguarding, and distributing technical information in ance with national and operational security, privacy, records management, intellectual property, Federal procurement, and export-control policies, regulations, and laws.

DISTRIBUTION STATEMENT “B” “Distribution authorized to U.S. Government agencies only (reason for restriction) (date of determination).

A distribution from an S corporation that does not have any earnings and profits generally is a nontaxable return of the shareholder's basis in the corporate stock. However, if the distribution is more than the shareholder's adjusted basis in the stock, the excess is taxable as a sale or exchange of property.