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Politics : Formerly About Advanced Micro Devices -- Ignore unavailable to you. Want to Upgrade?

To: Bill who wrote (607032)4/7/2011 4:37:09 PM
From: Tenchusatsu  Read Replies (2) | Respond to of 1580041
 
Bill, > If you own a corporation, you cannot legally take money out of it without tax consequences. If it's a C corp, you'll owe the Feds two tax returns - one for the corp, and one for yourself.

So ... Chris isn't allowed to deduct his living and travel expenses as part of the corporation? Can't he just say, for instance, that it's all part of some "book-writing" business that he's trying to get off the ground?

Tenchusatsu


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