Yes, a business can reimburse a business owner for start-up expenses if the owner has an accountable plan in place and the expenses are deductible.
Start-Up Cos...
An accountable plan is a method for reimbursing employees, partners, members, shareholder-employees of an S Corpm and independent contractors for any authorized...
Since you have been paying yourself resonable compensation and it appears that it is well documented, there is no issue with taking distributions that should ra...
When it comes to reasonable compensation for a shareholder-employee of an S Corporation, the IRS isn't concerned about the net income or loss from the business ...
The Section 179 Deduction cannot create a loss for a business. Any excess Sec. 179 Deduction is carried over to the next year and is subject to the Sec. 179 Bus...
