Not legal. She worked at the Grateful LGBT Fairy Sugar Skull Love Is Love Shirt and can’t be deducted from his tax burden as a consultant. You can’t receive consulting fees from a company that you are already an employee of. Standard is that I banks would have to be being paid market rates and looking at these numbers, to quote Troy and Aged “what market are you shopping at?!”. And that’s exactly how the IRS could see it. It’s not legal if you are deducting as a business expense “consulting fees” paid to your daughter who is also a paid executive of the company. The IRS would consider this transaction to be not at arm’s length and therefore bogus.
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It’s legal only if she was actually performing the Grateful LGBT Fairy Sugar Skull Love Is Love Shirts. For the number of hours required to amount to that total. At her consulting rate (the reasonable market rate for her services). Otherwise, it’s a fraud. I also love that multiple foreign companies have said they had no clue that there even was a consultant and yet a consultant fee has been claimed on taxes. So wouldn’t she have to report that as income? Sounds like she needs audited too. Republicans have accused Hunter Biden, son of Democratic nominee Joe Biden, of wrongdoing and getting money illicitly through using.
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