Usenet.com

www.Usenet.com

Group Index

Misc Thread Archive from Usenet.com

<-- __Chronological__ --> <-- __Thread__ -->

Deductions legitimate?



I work for a wholesale grocer (buys/sells over
phone/internet). He is deducting ALL of his meals (eats out
every day), ALL of his personal groceries, even his car and
his mortgage payment (works out of his home) - ALL as
business expenses - considers meals as meals and
entertainment, and groceries as research. I am his personal
assistant and has me submit his credit card receipts in this
way to the accountant each month. I don't think it's right?
BTW- he files as an 'S' corporation if that matters. Can I
be held liable in any way for this accounting?

<< ------------------------------------------------->>
<< The Charter and the Guidelines for submitting    >>
<< messages to this newsgroup are at www.asktax.org >>
<< ------------------------------------------------->>



<-- __Chronological__ --> <-- __Thread__ -->


Usenet.com



Please check out one of the premium Usenet Newsgroup Service Providers below for access to Usenet.