Re: Dumb tax questions.
#1...depends if it's deemed intentional. If it is, trouble. If not, most likely pay back with interest and a stern warning to keep better records/ don't do it again.
#2 This quesation has been debated numerous times. Most of the more intelligent posters, ie those who talked with a personal accountant or accountants themselves, say it is income. So, I include it as income.
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