IRS Allows Tax Break for Bonuses
The Internal Revenue Service has issued a new *2011 revenue
ruling* permitting an employer that is using an accrual
method of accounting to take a deduction in the current year
for a fixed amount of bonuses payable to a group of
employees, even though the employer does not know which of
the employees will receive a bonus or the amount of any
particular bonus until after the end of the taxable year. ...