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ishratmanzar1986

saleh, an accountant, is the sole shareholder of Turquoise Corporation, a C corporation. Turquoise is a personal service corporation with a fiscal year ending September 30 (pursuant to a 444 election). the corporation paid Saleh a salary of $330,000 during its fiscal year ending September 30, 2022. How much salary must Turquoise pay Saleh during the period October 1 through December 31, 2022, if the corporation is to continue to use its fiscal year without negative tax effects?.

saleh, an accountant, is the sole shareholder of Turquoise Corporation, a C corporation.
Turquoise is a personal service corporation with a fiscal year ending September 30 (pursuant to a
444 election). the corporation paid Saleh a salary of $330,000 during its fiscal year ending
September 30, 2022. How much salary must Turquoise pay Saleh during the period October 1
through December 31, 2022, if the corporation is to continue to use its fiscal year without
negative tax effects?

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1. saleh, an accountant, is the sole shareholder of Turquoise Corporation, a C corporation. Turquoise is a personal service corporation with a fiscal year ending September 30 (pursuant to a 444 election). the corporation paid Saleh a salary of $330,000 during its fiscal year ending September 30, 2022. How much salary must Turquoise pay Saleh during the period October 1 through December 31, 2022, if the corporation is to continue to use its fiscal year without negative tax effects?