Tuesday, September 19, 2006 1:46:51 PM
A sign on bonus, all taxable.
A purchase of a capital asset,in-mod corp., net of carryforward losses, requires low long term tax rates on the net lont-term capital gains .
IF you have other capital carryforward losses, you cand deduct them from the amount received for in-mod.
Its a sham.
O,brien will loose sleep over this sham.
Smart, but if the purpose was to "evade" income taxes, irs could unravel the whole thing.
These high prices cpa's lead you into more trouble ,and its no coincidence they make more money when your in tax trouble.
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