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paying bills from corporation account

10/8/09 4:47 PM
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can the owner of a corporation pay his personal bills out the business account. If not, what is the consequences.

 
 
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10/9/09 7:48 AM

Depending on the entity, there could be very undesirable tax consequences. Or if it is not reported correctly, it is fraud and tax evasion.

Marc Barnes

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