IRS Says Personal Expenses Paid by S Corp. Not Loan Repayments
If a Subchapter S corporation pays its shareholder’s personal expenses, can the payments be for the repayment of loans not subject to employment instead of wages subject to employment taxes? This is a common issue that has to be addressed when preparing S corp. tax returns. The IRS addressed this in AOD 2017-04, which was […] The post IRS Says Personal Expenses Paid by S Corp. Not Loan Repayments appeared first on Houston Tax Attorney.
Source: Houston Tax Attorney