Legal Question in Business Law in Michigan
Inappropriate Business Write Off's
I work for a small biz. The owner write's off all his personal expenses through the company. They include his children's gas expense for their cars, utilities, etc. I just want to know if this is appropriate and if not, what are the possible consequences for doing this? Thank you!
Asked on 4/26/05, 8:20 am
1 Answer from Attorneys
Blake Lipman
Law Office of Blake P. Lipman
Re: Inappropriate Business Write Off's
This is matter between your boss, his accountant, and the IRS. Without knowing more, I would say that he can legally only write off expenses related to the business. This will not affect you as an employee. For more info, please contact my office at (248)851-3171.
Answered on 4/26/05, 9:03 am
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