Explain why the IRS would be interested in the reasonableness of a salary payment to an employee/owner

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Explain why the IRS would be interested in the reasonableness of a salary payment to an employee/owner of a closely held corporation.

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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Question Posted: Feb 18, 2024 05:42 AM

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Explain why the IRS would be interested in the reasonableness of a salary payment to an employee/owner

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The IRS is concerned with ensuring that businesses accurately report and allocate their income including salary payments to employees and owners of cl...View the full answer

CCH Federal Taxation Basic Principles 2020

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