Thomas Molins

Thomas Molins

Stinson LLP

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Owners of a Corporation Pay the Corporation's Expenses; Can Such Expenses be Deducted by the Owners?

As a general rule, a corporation is considered a separate entity from its owner(s). There are a few cases in which a corporate entity is disregarded as an entity separate from its owners, such as when a corporation is set up...more

12/2/2022  /  Business Development , Business Expenses , C-Corporation , Income Taxes , S-Corporation , Shareholders , Tax Deductions , Tax Liability
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