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Old 2005-01-17, 01:49 PM   #32
Cleo
Subversive filth of the hedonistic decadent West
 
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Join Date: Mar 2003
Location: Southeast Florida
Posts: 27,936
I'm a S Corporation.

A draw sounds like what I knew as taking stock dividends which my account said is one of those things that may set off a red flag with IRS like taking a home office deduction. I'm making a whole lot more money now then the last time I asked him about it so I'm not sure if he would still say the same thing.

I have been told that it is a good thing to have my business pay some of my utilities and stuff like that since my office is one room of the house and I'm there all day at work. Best I can tell my office needs its yard cut and trimmed ever other week not to mention it needs nice all those other annoying monthly maintenance things like a cleaning service, electric, water, cable, etc.

Not sure about other states but in Florida we have to pay property taxes on the value of the business the same time of year as we have to pay all our other property taxes.
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