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Edward died on August 2, 2019 and his estate (a trust) is created on August 3, 2019. If the estate picks a March 31, 2020
Edward died on August 2, 2019 and his estate (a trust) is created on August 3, 2019. If the estate picks a March 31, 2020 year end, what is the due date to file the trust return? June 29, 2020 September 30 December 31 Clarice pays a $50,000 salary to her 19 year old daughter who comes in on the weekend to tidy up the workspace at her business. She estimates that she would pay a new hire $20,000 for the same job. Clarice owns 51% of the shares of her private company using Class A common shares, and her daughter owns 49% of the company in Class B common shares. Would Clarice be better off her daughter salary or dividends? Dividends Salary
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