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Karla Heyne is the sole shareholder of XYZ Corporation. This past year Karla paid her retired father, Paul, $10,000 from the companys checking account because

Karla Heyne is the sole shareholder of XYZ Corporation. This past year Karla paid her retired father, Paul, $10,000 from the companys checking account because he was having financial trouble. XYZ files as a C corporation, and Karla directed her accountant to deduct this payment as compensation on XYZs return. What would you do with this information if you were Karlas accountant?

I need to write 500 words. Not asking for the paper to be written for me. More looking to see a summary or bullet points to sum up the best way to anser the question. Thanks!

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