If you use company Tax id # & CREDIT CARDS TO PURCHASE ITEMS FRO YOURSELF,PAY ALL THE INVOICES, IS THIS ILLEGA

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IS IT ILLEGAL TO PURCHASE ITEMS USING COMPANY CREDIT IF YOU PAY THE INVOICES?

2006-12-04 18:10:37 · 3 answers · asked by Kathy C 1 in Politics & Government ➔ Law & Ethics

internal sales are legal as long as they are accounted for.

2006-12-04 18:13:26 · answer #1 · answered by Norman 7 · 0⤊ 0⤋

It is illegal if the company is Not For Profit, and you profit from their non-taxpaying status...

By the way...WHY ARE YOU SHOUTING?

2006-12-05 02:19:56 · answer #2 · answered by purplepartygirrl 4 · 0⤊ 0⤋

typing in all caps is rude btw

yes, the irS can audit you for those purcahses.

2006-12-05 02:13:57 · answer #3 · answered by arus.geo 7 · 0⤊ 0⤋