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Karla Heyne is the sole shareholder of XYZ Corporation. This past year Karla paid her retired father, Paul, $10,000 from the company's checking account because he was having financial trouble. XYZ files as a C corporation, and Karla noticed that her accountant erroneously deducted this payment as salary on XYZ's return.
In your opinion, what affects would this have on Karla’s tax return? What would you do with this information if you were in Karla's position? Use your text and any other resources you discover to help you create your post.