disolving c corp
Small c corp where shareholder took low salary but drew money out for personal use.. The due to shareholder ( not a legit note with stated interest et al) is up to
$124K. triple A is $100K. When closing books can the first 100K of due to shareholder go against triple A? With the remainder being salary/bonus.
Concern is the potential for double taxation re:due to shareholder being viewed as dividends.