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04-Oct-2017 20:13

So going back to our initial example, may we conclude that TJ Engineering may make the disproportionate distributions to satisfy the desires of both shareholders?In short, yes, but only so long as corrective distributions are made afterwards, and so long as the disproportionate distributions are not made pursuant to any contract, shareholder agreement, or other binding document that would go so far as to suggest that shareholders have differing rights to any distributions from the S Corporation.In 1994, the S Corporation made equalizing distributions to compensate for the distributions made during the years 1987 through 1991.Again, the IRS ruled here that because the corporation had only one class of stock with equal rights to distributions, in the end the distributions made had not adversely impacted the S status of the corporation.S distributes ,000 to A in the current year, but does not distribute ,000 to B until one year later.

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Jeff, on the other hand, doesn’t need the cash and would rather leave the money available to the business to help finance construction of a new office building.

Well, the simple answer is no, but there are possibilities for “timing differences” between distributions.