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Old 10-11-2009, 02:58 PM
newincoporator newincoporator is offline
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Join Date: Feb 2009
Posts: 3
Deductions from C-Corp

Hi again !!

As you probably remember I established a C-Corp this year, at the same time, I was claiming unemployment benefits because my corp didn't produce any profit, so far it was only paying bills. the company received a small payment $1,300 with which it payed, cell phone bills, car insurance , computer bill and office phone bill until the money ran out. The corp doesnt have any employees, just me the officer. The fact that the company paid bills means that I wasn't entitled to unemployment? or does it mean I wasn't unemployed? so far I havent received any checks or bonuses from the company.

Also, the company has made more money recently ( 1 month) and I stopped filing for unemployment but I'm concerned about the beginning of the year..'

One more kink, in preparation for my soon to be conceived company I bought this mentioned computer ( $2,000) BEFORE i created the company (2 weeks), can it be deducted from expenses???

Thanks so much
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