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Thomasvep Thomasvep
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3 years ago
In 2016 the IRS audits a company's 2014 tax return and determines that the president's salary was excessive and disallowed $100,000 of the salary deduction. Under the terms of the hedge (payback) agreement in the corporate bylaws, the president repays $100,000 of her salary to her employer in 2016. The president will amend her 2014 tax return to get a refund of the taxes paid on the excess salary.

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Federal Taxation 2017 Individuals

Federal Taxation 2017 Individuals


Edition: 30th
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keelolo84keelolo84
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3 years ago
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