Quote:
Originally Posted by Rochard
Get the fuck over it.
I have a bad habit of putting my business checks into my personal account. They are at the same bank and the bank just cashes them and never asks questions. I think that's pretty much standard with banks these days - they know they can trace everything and reverse money if need be.
I just keep my business card in a money pouch where I store the checks, and that was the end of that problem.
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There's a big problem with that. Once you deposit business checks into your personal account then the IRS will think that ALL deposits into your personal account are for business purposes. It is then YOUR responsibility to prove otherwise.
To those who make this mistake. Make a record of your mishap and put it in your tax filing for future proof (then cross your fingers you never get audited).