Single Owner S Corp

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  • erchess
    Senior Member
    • Jan 2007
    • 3513

    #16
    I am with his blessing

    already claiming all of the deposits as income. He insists that there are no donors and none of his own money going into the account. He says that he put all of the fees in the account and paid all of the expenses out of the account except for certain expenses he paid with the corporate credit card the bills for which he paid out of the account.

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    • Gretel
      Senior Member
      • Jun 2005
      • 4008

      #17
      Could you possibly give us some figures, like beginning bank balance, ending bank balance, total deposits and total debits? Use fake numbers if you prefer.

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