Thursday, February 15, 2018 10:12:32 AM
As far as filing an 1120 tax return, an audit is not required. Self-reporting is acceptable, but ONCI would need to be able to reconcile from Book Income to Taxable Income.
As I said in a prior post, Steve Berman could simply reclassify "uncollected" revenues of ABOUT $1.5 MIL as "Deferred revenue" and report 212K as "collected" revenues on the tax return. Steve Berman, how bout it. Post page 1 of your Form 1120 on Twitter
Refer to my analysis of accounts receivable to understand where these numbers come from.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=138263624
As always. JMO
$ONCI
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