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Dec 18, 2014
4:39
:57
pm
Cougrrrs Roll
Cool?
Sounds good to me. But the IRS won't buy it, if it turns up in an audit.
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Cougrrrs Roll
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Cougrrrs Roll
Joined
Aug 11, 2006
Last login
Apr 28, 2024
Total posts
47,164 (2,618 FO)
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Messages
Author
Time
company a and b are family owned companies
OU Cougar
12/18/14 4:33pm
Sure, if A can quantify actual cost of producing said widgets.
PhilPete
12/18/14 4:35pm
There would be a challenge making the bottom line zero. If the loan is paid
PhilPete
12/18/14 5:04pm
what do you mean?
bluebloodedcoug
12/18/14 4:36pm
Cool?
Cougrrrs Roll
12/18/14 4:39pm
No, paying back a loan is not an expense, it's changing your capital structure
longlivelehman
12/18/14 4:48pm
Yup. The transfer of the widgets (inventory) for value (debt reduction) will be
Mikey
12/18/14 4:55pm
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