TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


How to Waste a Corporation in One Easy Lesson

August 11, 2011

Today TaxMama hears from Kennet in the TaxQuips Forum, who has this issue. “I incorporated my HVAC company from a sole proprietorship (c-corp) six months ago. I was told that I could temporarily borrow the income coming in from the company to pay my bil