09/01/2026
An 1120/1120-S and a Schedule C are NOT the same thing! 😩
One is a separate corporate tax return. The other goes on your personal tax return.
When you have Business A paying Business B’s payroll, bills, or expenses, you can’t just throw everything together and call it a deduction.
There’s a thin line between money laundering, messy bookkeeping, commingling money, and transactions that can raise SERIOUS questions. 👀
Separate your businesses. Separate your money. Keep receipts. Keep records.
Because the IRS definitely understands the assignment. 😂
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