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Tax impact of investing in a small private California corporation
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Legal > Tax Law

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The client has made the following changes to the job.


Job awarded.

Jan 16, 2013

Job Description

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  • Posted: Thu, Dec 27, 2012
  • Time Left: Closed
  • Location: Anywhere
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  • Start: Immediately
  • Budget: Less than $500
  • Fixed Price Job
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  • U.S. freelancers must have W9
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I need someone who is knowledgeable about tax laws relating to investment and stock transactions of a private California corporation.

I have a situation that I need help on to confirm if there will be any tax consequences to me this year? Its a small company (California corp) that I invested money in for which I got preferred stock and was promised back my purchase price of the shares as a refund once they raised their next round of funding. Also as an inducement to invest, I got additional bonus shares in the founder's other company (at $0) + the founder put her own personally owned shares into escrow as collateral incase she defaults and cannot payback in the promised timeframe. Well she has defaulted and my question now is whether any of these events are taxable in 2012 even though I haven't actually received any actual money back and the shares are not worth anything since I haven't sold anything i.e.
1) The bonus shares I was given both for an inducement for investing and as ...

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Job ID: 36332782
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  • Submit Date (Latest)

Charles Markham, MST, EA, US ...      
Charles Markham, MST, EA, US Tax Court Practitioner's identity has been verified.  Learn More
 United States  |  
Tax Problem Resolution is my specialty. Send an invite! I review all invites. Audits, Notices, Levies, Liens. I can fix them all. United...
 5.0   |  Private   |  6 Jobs   |  5 verified credential(s)
Bid ID: 36411922  |  Submitted: Dec 30, 2012 16:04 ET 
Proposal SEALED

 United States  |  
Expertise: Taxation of Individuals, Corporate Taxation, Partnership Taxation, and Advisor. Our team members are Big 4 alumni with minimum 5...
 0.0   |  Private   |  0 Jobs
Bid ID: 36366931  |  Submitted: Dec 28, 2012 08:19 ET 
Proposal SEALED
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