Amy is the sole shareholder of her corporation. Rather than have the corporation pay hera dividend, Amy

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Amy is the sole shareholder of her corporation. Rather than have the corporation pay hera dividend, Amy decides to have the corporation declare a "bonus" at year-end and pay her tax-deductible compensation. What potential tax issue may arise in this situation? Which parties, Amy or the corporation or both, are affected by the classification of the payment?
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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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