Some of them actually reported the cash payments, but Eddie understood that they might not do that. Eddie also did not have his corporation deduct those payments as salaries or wages, so the corporation ended up paying more tax than it should have. It overpaid in amounts many times more than the government claimed it lost by virtue of this behavior. -Hank Asbill

 

Some of them actually reported the cash payments, but Eddie understood that they might not do that. Eddie also did not have his corporation deduct those payments as salaries or wages, so the corporation ended up paying more tax than it should have. It overpaid in amounts many times more than the government claimed it lost by virtue of this behavior.


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