"Thank you. I did not know that. "
you are welcome of course.
"So the Form 1120 due date would be 2/15/18 "
with the extension the due date to file a corporate 1120 is 8 & 1/2 months after year end. (9/15 for calendar year ends 7/15 for 10/31 year ends).
"As far as filing an 1120 tax return, an audit is not required."
didn't say it was but since ONCI is going through it it is more efficient to file post audit completion.
"Self-reporting is acceptable, but ONCI would need to be able to reconcile from Book Income to Taxable Income. "
they HAVE to reconcile book to tax income. these are done with "M" items - named because sch M is where it's done.
"As I said in a prior post, Steve Berman could simply reclassify "uncollected" revenues "
while also an audit expert i'm not an expert with ONCI's books so i'll leave the work to their auditors.
"Post page 1 of your Form 1120 on Twitter "
we just went through this. no tax return until the audit is completed.
regards longs, buddy
Market Data 
Markets 
AI
