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    dennis8's Avatar
    dennis8 Posts: 2, Reputation: 1
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    #1

    Dec 11, 2006, 07:24 PM
    Double Taxation
    How does double taxation of corporate income occur.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Dec 11, 2006, 07:38 PM
    It only occurs with C Corporaions.

    The corporation itself gets taxed on its annual profits. Then the shareholders gets taxed on any dividends that are paid by the corporation, even though that money was already taxed once.
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