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Author Question: Bart owns 100% of the stock of Octo Corporation, which uses the accrual method. Bart's sister ... (Read 108 times)

2125004343

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on: Sep 13, 2020
Bart owns 100% of the stock of Octo Corporation, which uses the accrual method.  Bart's sister Samantha, a cash method taxpayer, did some advertising work for Octo in November 2016. In December, Octo received a billing statement from Samantha for $5,000 and paid Samantha the $5,000 in January 2017.  Samantha is a calendar year taxpayer. When may Octo deduct the $5,000?
◦ 2016
◦ 2017
◦ Either 2016 or 2017
◦ The expense is not deductible since Samantha is Bart's sister.
Federal Taxation 2017 Individuals ¦ Pope, Rupert, Anderson ¦ 30th Edition
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Marked as best answer by 2125004343 on Sep 13, 2020

millet

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Reply #1 on: Sep 13, 2020
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
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2125004343

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Reply 2 on: Sep 13, 2020
YES! Correct, THANKS for helping me on my review

bitingbit

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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