In one instance, an S corporation was ordered by a court to make payments to a government agency because it violated agency rules. The IRS said these payments to the agency were not deductible. Payments to the government are deductible only if they constitute restitution, and here the court documents didn’t clearly identify the payments as restitution. #IdeaoftheDay
Barbara Weltman
Big Ideas for Small Business, Inc.
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It's important to take care of ourselves and take steps to nourish ourselves--body, mind and soul. We may have to do this in different and creative ways now that many of us are staying at home. It's still important that we take time for ourselves. #selfcare #Health