I could be wrong, but I thought the last time I asked my tax man he said that loans are not considered as income. Yes, I thought of the CCC loan idea. Maybe I need a different tax man. lol. P.S. I am not trying to avoid tax. I am actually raising the income for my corp. and will be paying more tax. Really I am going from a net loss position to a net profit position by sell the grain to my self. I will keep the grain, treat it as income and pay taxes on it. |