To: Kaslin
The company also received an $875,000 loan funded by Wisconsin taxpayers, while Burke was serving as Secretary of Commerce for the state. Trek used the loan to build a new facility, and $392,300 of that loan was forgiven What????
12 posted on
05/09/2014 2:04:15 PM PDT by
Mygirlsmom
(No Mo (zilla). I'm going to the Opera instead.)
To: Mygirlsmom
"The company also received an $875,000 loan funded by Wisconsin taxpayers, while Burke was serving as Secretary of Commerce for the state. Trek used the loan to build a new facility, and $392,300 of that loan was forgiven"...... Now THAT is a MUCH bigger deal than the subchapter S filing. Especially since she was very much involved in the company.
73 posted on
05/09/2014 4:52:00 PM PDT by
cookcounty
(IRS = Internal Revenge Service.)
To: Mygirlsmom
“and $392,300 of that loan was forgiven”
This article is misleading, but I wonder if they paid taxes on the forgiven loan? The IRS says forgiven loans are income.
79 posted on
05/09/2014 9:22:41 PM PDT by
VanShuyten
("a shadow...draped nobly in the folds of a gorgeous eloquence.")
To: Mygirlsmom
The company also received an $875,000 loan funded by Wisconsin taxpayers, while Burke was serving as Secretary of Commerce for the state.
Trek used the loan to build a new facility, and $392,300 of that loan was forgiven
lol. Yeah! I want one o' dem things!!
lol. Yeah! I want one o' forgiveness thingies too!!
Oh yeah, special rules for special people. these sweet deals are dem only special.
80 posted on
05/10/2014 1:32:07 AM PDT by
HeartlandOfAmerica
(An army of deer led by a lion is more to be feared than an army of lions, led by a deer.)
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