New York Tribunal Says Siblings Received Distributions, Not Loans

News
Tax Notes

In an article for Tax Notes, Andrea Muse reports on a ruling by the New York Tax Appeals Tribunal that funds shareholders received from an S corporation were cash distributions, and not loans, for state personal income tax purposes. Tim Noonan is quoted in the article. 

Related Materials

Jump to Page

Necessary Cookies

Necessary cookies enable core functionality such as security, network management, and accessibility. You may disable these by changing your browser settings, but this may affect how the website functions.

Analytical Cookies

Analytical cookies help us improve our website by collecting and reporting information on its usage. We access and process information from these cookies at an aggregate level.