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Old 11-19-2007, 02:17 PM
Beau Beau is offline
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Join Date: Nov 2007
Posts: 3
Tax question - personal savings into business account?

Let's say I want to put $3000 of my personal savings into an account I opened a while ago for my LLC's checking account. I want to do this to avoid fees that the bank imposes on the business checking account if its balance is less than $3000.

How would this affect the taxes I file for my personal taxes? Is this a $3000 business expense? Is this a $3000 revenue for my business taxes? Ultimately I hope to reimburse myself in the future for this money.

Of course ultimately I am going to talk to an accountant about this but I want to do my homework before I do so!!! Thanks in advance for anyone's insight.
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