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| CPA/ACCT in Da House? https://mail.chicagofanatics.com/viewtopic.php?f=47&t=96321 |
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| Author: | bigfan [ Tue Sep 29, 2015 11:11 am ] |
| Post subject: | CPA/ACCT in Da House? |
Yahoo about to sell its Alibaba shares and incur a $16 bill Tax burden, they claim is tax free? Any REAL tax guys have opinions on this one? |
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| Author: | bigfan [ Tue Sep 29, 2015 11:15 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
The Cliff notes version would be appreciated. The Sini version I can google later if no answer suffices |
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| Author: | Jaw Breaker [ Tue Sep 29, 2015 11:18 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
Matt Levine is someone I try to follow...here is his take: http://www.bloombergview.com/articles/2 ... -tax-limbo |
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| Author: | bigfan [ Tue Sep 29, 2015 11:21 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
So, due to the IRS not approving or disapproving a plan, there is no answer. Awesome Government work right there. Dont committ to anything, thus you cant get in trouble. I never said YES, I never said NO. Sounds like City Hall. |
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| Author: | badrogue17 [ Tue Sep 29, 2015 11:23 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
Jaw Breaker wrote: Matt Levine is someone I try to follow...here is his take: http://www.bloombergview.com/articles/2 ... -tax-limbo Really.Smart.Guy. |
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| Author: | JORR [ Tue Sep 29, 2015 11:29 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
I took a single basic accounting class in college and I took one thing with me that I remember to this day. The prof said, "You can do whatever you want on a return, but if it looks like income and counts like income, the IRS considers it income." |
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| Author: | bigfan [ Tue Sep 29, 2015 11:33 am ] |
| Post subject: | Re: CPA/ACCT in Da House? |
Joe Orr Road Rod wrote: I took a single basic accounting class in college and I took one thing with me that I remember to this day. The prof said, "You can do whatever you want on a return, but if it looks like income and counts like income, the IRS considers it income." I know the tribune tried to bury its Cub profit in the BS law about leaving 5% of ownership in an entity for X years, then pull it out and pay nothing on the whole thing. I believe thats the basis of that BS scam used by major corps. |
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