Question: On December 3 1 , 2 0 2 4 , Pere Corporation, an accrual method, calendar year taxpayer, accrued a performance bonus of $ 1

On December 31,2024, Pere Corporation, an accrual method, calendar year taxpayer, accrued a performance bonus of $100,000 to Mike, a cash basis, calendar year taxpayer. Mike is president and sole shareholder of the corporation. When can Pere deduct the bonus

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