Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?

If you play a major role in a closely held corporation, you may sometimes spend money on corporate expenses personally. These costs may end up being nondeductible both by an officer and the corporation unless the correct steps are taken. This issue is more likely to happen with a company facing financial distress. What Can’t … Continue reading “Corporate Officers or Shareholders: How Should You Treat Expenses Paid Personally?”