I can't remember the name of the judicial case of hand. However, I do know that if she is considered the owner/boss of O magazine, then it doesn't matter if she used personal funds or corporate funds. It would be impossible to persuade the IRS or a judge that this was not some kind of bonus or compensation payment for work they have done in the past. It would definitly be considered part of compensation. The only way around the taxes was to have grossed it up.
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