User talk:WBR
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Hello,
I'm looking at the S-Corp Distribution discussoin last dated Nov. 2006. I have the same situaiton. S-Corp stock was issued at no cost to an employee, and it vests over the next 4 years. He was given a stock certificate and we are paying monthly shareholder distributions on his resulting 1% ownership currently. He will receive a K-1 this year. Since it has not fully vested, he is not taking it into income and did not file an 83(b) election. We expect to take an S-Corp tax deduction in the year it vests equal to the estimated company FMV times his percent of ownership. He will have W-2 wages and we will pay employment taxes, FWH, etc. upon vesting.
How does this compare with what you're experiencing and can you provide advice?
Thank you.
