Quote:
Originally Posted by Sid70
Correct.... but the income on the US company without transferring $$ to a personal account is not creating any personal income, am I wrong? And ATM withdrawals from a corporate card, or payments are just company's money.
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well if you take money from a business card it should be justifiable as a business expense, because just like you said, it's company's finances.
if you take it for personal reasons and if by some chance you get audited by IRS, they surely will ask about those transactions, you may get a fine or will be asked to pay difference in taxes, maybe they will report you to your country's tax agency, who knows..