Business, 27.04.2021 15:10 kimberlynassar1962

The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary that Alano paid to its CEO and sole shareholder was a constructive dividend. As a result: Multiple Choice The CEO/shareholder's taxable income increases by $300,000. Alano must distribute an additional $300,000 cash to the CEO/shareholder Alano must distribute an additional $300,000 cash to the CEO/shareholder. Alano's taxable income increases by $300,000.

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The IRS agent who audited the Form 1120 filed by Alano Inc. concluded that $300,000 of the salary th...