Accountant Loses on Deductions for Wages Paid to Daughters
An accountant from Florida lost a Tax Court case Wednesday in which he tried to defend the $18,000 of “wages” paid to his daughters. The accountant has deducted the $18,000 as “cost of goods sold” on his business Schedule C in 2007. The IRS disallowed the deduction and the case went to Tax Court. From the […]
