(03-31-2023, 10:32 AM)The Real Marty Wrote:

(03-31-2023, 10:22 AM)mikesez Wrote: If you claim a payment is a business expense, the burden of proof is on you to show that it was connected to your business, and part of the ordinary course of your business and similar businesses, and that your business is paying that expense from revenues streams that themselves are legal and reported to the tax man.
Because as you know, if it's not a business expense, it comes from post tax income rather than pre tax income.  This is not a part of the law to be trifled with.

Also, I would want to know when that monthly retainer was set up.  Did it start right after Cohen made the payment to Daniels?  That would be evidence that they two were connected.