(03-31-2023, 10:22 AM)mikesez Wrote:

(03-31-2023, 10:11 AM)flsprtsgod Wrote: Cohen's payments were his monthly retainer, there's no paperwork that shows it was reimbursement for anything. There's also quite the smoking gun in that the alleged recipient of this hush payment swore in a written and verbal statement that there was no affair to cover up and the only person who claims there was is a discredited and disbarred attorney who both lied to and cheated Daniels. This case is something only a partisan or a moron could accept as legitimate, so we understand why there's celebration in the streets today.

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.