InvestorsHub Logo
Followers 221
Posts 28613
Boards Moderated 0
Alias Born 03/18/2009

Re: loanranger post# 43828

Wednesday, 12/12/2018 8:53:35 PM

Wednesday, December 12, 2018 8:53:35 PM

Post# of 45833
Jobs has to declare the $1 million for the March 15, 2019 tax return and eventually pay it. Converted, sold, or not.

There is a reason why this company is not audited. But the IRS will take notice on $1 million. And SIGO has to report this to the IRS, or they will be fined.

Since this is a pref. stock issuance, they are circumventing the T/A that does report cost basis to the IRS.

I won't be so kind.