peggysioux5 Posted February 10 Report Posted February 10 New S-Corp client, shareholders are husband and wife, took a cruise in 2024 to review S-Corp and yearly minutes for S-Corp. I realize the cruise would not be considered a normal and necessary business expense. Should the expense be considered non-deductible expense or a fringe benefit to employees/shareholders and added as wages? Quote
Lee B Posted February 10 Report Posted February 10 Or a stockholder receivable to be repaid by the H & W or which I have seen reclassified as a distribution of profits. Quote
BulldogTom Posted February 10 Report Posted February 10 Distribution in my book Tom Longview, TX 3 Quote
Recommended Posts
Join the conversation
You can post now and register later. If you have an account, sign in now to post with your account.