S corporation year end money

dawnpcamp Posts: 1, Reputation: 1

New Member

Feb 8, 2012, 11:43 AM

S corporation year end money

Is it necessary to clear out all monies in a S corporation checking account.

MukatA Posts: 7,110, Reputation: 176

Tax Expert

Feb 9, 2012, 02:52 AM

No.

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