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Re: Tax Help

If paying for a Sub's Motel and/or other expenses, you can either record it as income to the Sub or itemize it as an expense of your company. I've done it both ways, depending on the circumstances. Writing it off as income to the sub is probably the safest for you but more expensive to the sub since the sub will have to pay taxes on income they never saw. For example, if you pay $3,000 for a sub's motel rent over the course of the year and record it as income to the sub, the sub will have to pay taxes on the motel rent.
This is CABL.com posting #126415. Tiny Link: cabl.co/mG27
Posted in reply to: Tax Help by Jennifer
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