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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 ...