Taxability of Legal court Awards and Settlements
Legal issues for businesses can often end in either a settlement or money awarded to a company or the person filing the lawsuit. You can also get money awarded to
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Blog Author: Shana Valenta
Don’t lose out on corporate expenses paid by business owners
Personally Paying for Corporate Expenses Often Nondeductible Owners and Shareholders of closely held businesses and other corporations can sometimes find themselves covering expenses on behalf of their corporation. If these