Article Date:
July 2019


Word Count:
304

 

 

Advance Account Shows That Incorporation Is Not for Everyone


If you’re not good at paperwork, the corporate form of business is probably not for you.

 

William H. Bruecher III learned that lesson by paying more than $27,000 in taxes on monies his corporation supposedly loaned to him.

 

Mr. Bruecher’s corporation did not pay him a salary; rather, the corporation paid his personal expenses, classifying the payments as advances. ... Log in to view full article.

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