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Updated almost 9 years ago,
C-Corp Tax Deductions
I will soon be flipping homes in a newly created C-Corp. My plan is to pay myself a salary and reduce the Corp's yearly net income to zero. I would like the corporation to pay as many of my personal expenses as possible prior to paying a salary (to also reduce my personal income tax). What expenses do C-Corps regularly and legally deduct? (company car, gas etc)