Replies to post #158234 on On4 Communications Inc (ONCI)

[QTRADERQ]

Thank you. I did not know that. So the Form 1120 due date would be 2/15/18

publicly traded corporations can only be "C" corporations

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