I am a share holder in an s corporation. The president of this corp. told me that I should give him all my fuel receipts, that it would give me more equity in the company.
This doesn't sound correct to me, please help.
Reply : infotaxsquare.com Dear
First we thank you for choosing InfoTaxSquare.com for your business needs. As far as my knowledge is concerned It does not make sense. Fuel receipt can only allow you to claim legitimate expense for your business.