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Why does the IRS care if his corporation is making a bad purchase? If he had bought the property from someone else for $500K because the corporation projected a 5 yr ROI why should the IRS care? If the company went belly-up because it blew $400K what does the IRS care? So long as everything is reported.... If GM loses $100 Billion in one year because it made bad decisions what does the IRS care? It didn't go in there over the last decade and say STOP - You are losing money and we cannot allow you to do this.
Last edited by MotoSook; 11-19-2009 at 03:55 PM..
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