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BeachBum

05/31/11 4:10 PM

#45240 RE: jdarcy77 #45239

Some web site development being posted to deferred consultant fees? That debt was then converted to Class B Preferred. No 1099 issued because expense was not paid or realized.
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levitateme

05/31/11 4:12 PM

#45242 RE: jdarcy77 #45239

imo because he's not taking it as payroll, and won't be taking it as payroll installments until some high restrictions / achievements are met by the company.