2
votes
2answers
1k views

How do I classify money I put into my own business for tax purposes?

S-Corp. I am currently the only shareholder. Doing taxes for my first year. How do I properly account for money I've put into the business both in my accounting system, and for tax purposes? Is it ...
3
votes
3answers
2k views

How do I correctly document my initial investment and any ongoing investment in my S-Corp?

I'm starting a small business and have decided to form an S-Corp. Like many, my goal in forming an S-Corp is to avoid limitless personal liability and to take advantage of the (potential) tax ...