In looking at the tax law and reimbursements, have any of you experienced a c corp owner paying all expenses via their personal bank and credit cards??
We have explained that business expenses should be going through the business accounts. The owner has moved all business money to their personal account and pays contractors and all business expenses via their personal credit cards. They consider the movement of money to be a reimbursement to themselves, but the business expenses still belong to the C Corp. I have been searching for specific code references to share from the US Code and Delaware code of the implications to the owner.