Mr. Trudel and Mr. Varga founded TV Corporation six years ago and have devoted every waking hour
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Mr. Trudel and Mr. Varga founded TV Corporation six years ago and have devoted every waking hour to the corporate business. During the first four years, neither shareholder received a salary. During the last two years, each shareholder received a $400,000 salary, which is about 180 percent of the average salary paid by comparable corporations to their unrelated officers. Identify the tax issue or issues suggested by the situations, and state the issue in the form of a question.
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Related Book For
Principles Of Taxation For Business And Investment Planning 2020
ISBN: 9781259969546
23rd Edition
Authors: Sally Jones, Shelley Rhoades Catanach
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