He is also the author of the book Make Your Kid A Millionaire (Simon & Schuster), and provides speaking and consulting services on family financial planning topics.
But retiring clients who already have money in annuities are likely to be more interested in the most efficient methods of getting the money out, either now — or later.
Note that these rules differ from the ordinary rules applicable to distributions from S corporations.
To the extent that the shareholder has basis in the S corporation stock, distributions to the shareholder are tax free.
In March 2014 I received a 1099-DIV from the company showing the cash in Block 8, and the value of the stock in Block 9.
The "gain" on the sale was roughly 00 more than the original purchase price. You may not need to report this income, and in any even it is not reported as a dividend.