The questions answered in this chapter have universal appeal, have been asked numerous times at my seminars, or are very interesting. I hope you enjoy reading them as much as I’ve enjoyed answering them.
“As a part owner of my corporation, I am paid a salary as an employee and receive bonuses as part of my salary. If I were to travel on business and incur some expenses that aren’t reimbursed, can I deduct the excess unreimbursed expenses on my tax return as an itemized deduction? For example, I may stay at a nicer hotel, but my company may reimburse me for a lower amount.”