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Posted On: 01/16/2018 1:13:20 PM
Post# of 82676
Re: riskreward007 #14993
SFOR had amassed a sizable liability in accrued payroll. They effectively removed this liability from their books, by donating their salaries as a contribution. It was salary “owed” to them for their dedication, expertise, and time, but had never been paid. It’s the same as if they had been paid, and then donated the money back to the company. But this way they might have avoided certain tax liabilities as individuals (I’m no tax authority, for sure). Anyone correct me if I’m wrong.
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