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The IRS would be fine worth it if taxable income is unchanged. Businesses are taxed on their net income, not get gross.
by gamblor956 5mo ago
The IRS would be fine worth it if taxable income is unchanged.
Businesses are taxed on their net income, not get gross.
- thih9 5mo agoYou mean they are fine with the things they won’t notice? Perhaps that is true.
- gamblor956 5mo agoNo, depending on your accounting method the transaction we're discussing may be disregarded, so the net economic position of the taxpayers is no different. As a result the IRS is generally indifferent...so long as you maintain that method of accounting for future similar transactions.
- deleted 5mo ago[deleted]