Can a current tax deduction for salaries and wages include payments for services performed in past years
Question:
Can a current tax deduction for salaries and wages include payments for services performed in past years and for services to be performed in future years? Why is a sole proprietor not entitled to a tax deduction for salary payments to himself or herself?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Related Book For
CCH Federal Taxation Basic Principles 2020
ISBN: 9780808051787
2020 Edition
Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback
Question Posted: