S Corp Owner |
C Corp Owner |
|
Pre-tax foreign income |
$ 1,100 |
$ 1,100 |
Entity tax |
N / A |
231 |
Entity foreign tax credit |
N / A |
( 200 ) |
Net U . S . entity tax on foreign income |
0 |
31 |
Shareholder tax on foreign income |
385 |
N / A |
Shareholder foreign tax credit |
( 200 ) |
N / A |
NIT on foreign income |
42 |
N / A |
Distribution to shareholder |
1,100 |
1,069 |
Tax on distribution ( 20 % + 3.8 % NIT ) |
N / A |
254 |