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Business, 25.01.2020 00:31 blondie02

Lupe, a cash basis taxpayer, owns 55% of the stock of jasper corporation, a calendar year accrual basis c corporation. on december 31, 2019, jasper accrues a performance bonus of $100,000 to lupe that it pays to him on january 15, 2020.in which year can jasper deduct the bonus? in which year must lupe include the bonus in gross income?

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Lupe, a cash basis taxpayer, owns 55% of the stock of jasper corporation, a calendar year accrual ba...

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