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integral

08/02/15 8:56 AM

#142163 RE: denali007 #142159

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.