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The Deductibility of Corporate Expenses Covered By Officers or Shareholders

Jul 29, 2021 | Blog, Tax Bites

If you spend money personally on behalf of your closely held corporation, you want to make sure either you or the business can deduct the expense. Here are the rules.

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DISCLAIMER: MidAtlantic IRA, LLC. does not render tax, legal, accounting, investment or other professional advice. If tax, legal, accounting, investment or other similar expert assistance is required, the services of a competent professional should be sought.

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