Bonus paid to deceased employee

Technical topics regarding tax preparation.
#1
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30-May-2014 1:43pm
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Company normally pays key employees a large year end bonus. An employee passed suddenly before the bonus was paid out. I am thinking we can still pay the estate the bonus and take the tax deduction. The bonuses are based on the results of the year end which was 6/30 and employee just died a few days ago.

Any special rules related to this type of situation. I will research the reporting aspects. Most info on the web only deals with sick time, vacation time but I assume the same rules apply to bonus
 

#2
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The Land
 


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