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Time on my hands today. Tax question.
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billybob
Posted 11/27/2015 00:02 (#4921483 - in reply to #4920701)
Subject: Not trying to avoid any taxes.


68340

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. 

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