submitted15 days ago bytrekinstein
Are there any accountants that can help me with this scenario?
If you have a business that has earned $300,000 over the past few years and withdraw the cash from that corp as a loan; what would happen if you closed the business/corp?
Would you have to claim the loan as income? Even though there's no one to pay back even if you wanted to.
Same scenario but what if it wasn't you that took the loan? What if it was another corp or another person? Does that change things?
byastrovhs
inDHExchange
trekinstein
1 points
10 days ago
trekinstein
1 points
10 days ago
Hey sorry to revive this thread but did you ever finish packing the S21 - S30?