Expensing retirement center fee for family member through business
My friend’s mother recently went into a retirement center. Is there any way my friend can pay for her mother’s care through the business she owns? Obviously if she takes money out for herself and pays for her mother’s care it will be considered income and she will be heavily taxed on it. I’ve done bookkeeping but I have no experience with the tax side of things as my company always hires a CPA to do our taxes.
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