Ask Joey ™ a Question

You might also be interested in...

  • Is a bonus deductible on a tax return if paid in the following year for a C Corp?

    For a C Corporation (C Corp), the company can deduct the bonus payment as long as the payment is made within 2.5 months from the company’s taxable year-end. The one exception is that if the bonus is for a shareholder, then the deduction would apply to the year that the bonus payment is made during. […]