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Business & farm
@EvaEvtimova wrote:This is a passage from https://www.irs.gov/pub/irs-pdf/p538.pdf:
"Workers' compensation and tort liability. If you are required to make payments under workers' compensation laws or in satisfaction of any tort liability, economic performance occurs as you make the payments"
I understand, but in your original post you mentioned bonuses and fees so you should read the section of the publication that refers to compensation for services.
Regardless, if you have a CPA, then you should follow your CPA's guidelines and advice.
‎August 3, 2020
8:07 AM