I had people spit on me, throw things at me and want to physically fight me â people who had never met me or talked to me. In the age of social media, this is what I get:  @kato_kaelin why don't U just die, loser. Ur worthless.. Never has a man done so little to be recognized by so many.
Full or partial cash repayment of the debt by the corporation reduces the shareholder's loan basis. (Repayment with property other than cash is beyond the scope of this item.) If the debt basis has previously been reduced to zero, all the subsequent repayment is treated as taxable income to the shareholder.
Under limited circumstances, a U.S. person can be a shareholder of a foreign corporation who is. not required to pay U.S. income taxes on the income of the corporation until that income is. distributed to the U.S. owners as a dividend (or possibly as a salary). Many years ago, the. income of foreign corporations was not taxed unless it was derived from U.S. sources.