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MequonCPA, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 2342
Experience:  CPA, Over 30 yrs experience w/individuals and small businesses. Masters in Tax.
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How do I handle "non-qualified" travel expenses for a C Corp. Basically

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How do I handle "non-qualified" travel expenses for a C Corp.

Basically the CEO went on vacation and charged it to his credit card. Does that go under "Officer Compensation," or somewhere else?
Hi and welcome to JustAnswer:

In most cases, if it is a personal expense the payment is usually additional wages subject to FICA and medicare and will be reported on his/her or if the individual is the sole shareholder the payment could be a dividend and you will issue a 1099-DIV.
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