RSUMan
Employee Tax Expert

Tax law changes

A single member LLC is a "disregarded entity" for IRS purposes.  As a result, the payment method is irrelevant to the way the expense is entered on the tax return (you pay cash; you pay on your own MasterCard; you pay on a Capital One MasterCard with XYZ LLC on it).  The IRS looks at the payment coming from the taxpayer and the amount of the business expense gete entered on Schedule C.