Do you operate your business as an S corporation or a C corporation?
If the answer is “yes,” you need to remember that your corporation is a separate legal entity.
Why is this so important? Because if you incur travel expenses on behalf of the corporation, you have to be careful about how those expenses are reimbursed. If you don’t, you could find yourself in hot water with the IRS!
If you want to avoid losing your legitimate business-travel deductions, here’s what you need to do… read my new, fact-filled article titled Tax Tips: The Right Way to Ask Your S Corporation for Travel Reimbursements.
Three ways our fact-filled article can help you:
- We’ll list the five important rules you need to know now. It’s worth reading my new article for this information alone. If you work in and operate your business as a corporation, don’t wait. Now is the time to read the full article.
- We’ll tell you how to avoid a major problem. If you claim deductions for employee business expenses that you incurred on behalf of your corporation, you’re making a big mistake. You’ll learn three reasons why making this error can cost you big money when you read the full article.
- You’ll learn how to plan the smart way. It’s a fact. Sadly, the law permits the abusive taxation of legitimate employee business expenses. That’s why it’s best to have your corporation reimburse you for 100% of your corporate incurred expenses. The huge advantages of this approach will be explained in full when you read the full article.