Answer Happy

Identify the tax issue or issues suggested by the followingsituations, and state each issue in the form of a question.
3. Mr. and Mrs. Braun own 100 percent of the stock of BB Inc., which operates a tempo- rary employment business. Late last year, Mr. Braun was short of cash in his personal checking account. Consequently, he paid several personal bills by writing checks on the corporate account and recorded the payments as miscellaneous expenses. Three months later he repaid the corporation in full.