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Old 06-05-2012, 07:34 PM
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Join Date: Jun 2012
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Personal funds to cover corporate expenses

Corporate officer used personal funds to cover some corporate expenses for the last two years. How would this affect the corporation income tax return? It seems like these contributions should be counted somehow (the shareholder currently has a note receivable on the books) and the expenses paid were not included in the corporate financials. Could the last two years of contributions be accounted for in this tax year?

Thank you in advance for your time and comments!



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