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  1. Piston Broke

    Distributions to Corporate Beneficiaries under attack

    Then if the funds are not available you cannot pay a distribution. An unpaid distribution is an IOU which can be considered a Loan. If I owe you money and don't pay you, it is not unreasonable to consider it a loan from you to me until it's paid. My accountant way out in the SW burbs told me...
  2. Piston Broke

    Distributions to Corporate Beneficiaries under attack

    The situation is very simple: Pay the distribution. If a trust makes a distribution to anyone, then it should actually be paid. The beneficiary makes no difference. Any decent accountant would've given this advice.
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