InvestorsHub Logo
Followers 222
Posts 28613
Boards Moderated 0
Alias Born 03/18/2009

Re: denali007 post# 142159

Sunday, 08/02/2015 8:56:53 AM

Sunday, August 02, 2015 8:56:53 AM

Post# of 148335
Also, who are the three shareholders who issued stock to themselves just before the name change? They do realize that is a taxable event? Kerry was one. IRS loves to collect.

Issuing shares for services is income. Selling the stock is based off the measured amount and date. If you were issued $100,000 of stock, you have $100,000 of income.

If you sold it for $10,000, you have $100,000 gross income, and $90,000 in capital loss, that you many not apply.

Don't worry, the IRS will recalculate your taxes for them. And I will be more than happy to remind the IRS of these three names.