Tax Effects and ownership interest

Submit a draft explaining the tax effects of salaries if cash is withdrawn from a business. You must also explain the tax consequences of paying the owners based on the selected business entity, as well as the tax consequences for each individuals personal tax returns. This assignment will address Section I, Parts D and E of the final projects critical elements.

For additional details, please refer to the Final Project Guidelines and Rubric document and the Milestone Two Guidelines and Rubric document in the Assignment Guidelines and Rubrics section of the course.

Attached will be the milestone one which was Section I with professor rubric comments also is attached an example of how the paper should look