InvestorsHub Logo
Boards
News
Market Data
Markets
Discover
Discover
Subscribe Login/Register
S&P 500
5,615.35
(
0.55%
)
US TECH 100
19,804.00
(
0.64%
)
Dow Jones
40,000.90
(
0.62%
)
Brent Oil
84.75
(
0.21%
)
Bitcoin
60,956.34
(
2.91%
)
Post# of 279080
Next 10
Reply Private New
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

old_timer99

Send PM Follow Ignore
Followers 0
Posts 89
Boards Moderated 0
Alias Born 01/17/2007

old_timer99

Re: marketbear post# 265511

Friday, 02/16/2007 8:12:50 PM

Friday, February 16, 2007 8:12:50 PM

Post# of 279080
marketbear, I'm not fisty. I answered your question. The funds were TMM/QBID stock proceeds. Once they were transfered to QTN, they are QTN income. QTN would have to pay the taxes on the income and TMM/QBID would have to record the asset transfer as a loan, or some other kind of liability. If it was a fraudulent transfer, it is considered tax evasion. That is the kind of stuff an IRS auditor is looking for.
Public Reply Private Reply New Post
Keep Last Read
Replies (3) Keep Last Read Next 10 Report Keyboard Shortcuts
Replies (3) Next 10 Prev Next

Join the InvestorsHub Community

Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.

Sign Up