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	Mission Statement Modules · Home · Forum · LATEST COMMENTS · Special Sections · SUPPORT ZPEnergy · Advertising · AvantGo · Books · Downloads · Events · Feedback · Link to us · Private Messages · Search · Stories Archive · Submit News · Surveys · Top 10 · Topics · Web Links · Your Account Who's Online There are currently, 374 guest(s) and 0 member(s) that are online. You are Anonymous user. You can register for free by clicking here Events Hot Links Aetherometry American Antigravity Closeminded Science EarthTech ECW E-Cat World Innoplaza Integrity Research Institute New Energy Movement New Energy Times Panacea-BOCAF RexResearch Science Hobbyist T. Bearden Mirror Site USPTO Want to Know Other Info-Sources NE News Sites AER_Network E-Cat World NexusNewsfeed ZPE NE Discussion Groups Energetic Forum EMediaPress Energy Science Forum Free_Energy FB Group The KeelyNet Blog OverUnity Research Sarfatti_Physics Tesla Science Foundation (FB) Vortex (old Interact) Magazine Sites Electrifying Times (FB) ExtraOrdinary Technology IE Magazine New Energy Times Interesting Links		The comments are owned by the poster. We aren't responsible for their content. No Comments Allowed for Anonymous, please register Re: then why postpone paying taxes? (Score: 0) by Anonymous on Tuesday, October 14, 2003 @ 17:56:13 UTC The IRS frowns on currently deducting accrued losses; they allow only realized losses. So if UFCT were to file a federal return their 'accrued' losses would be disallowed and may be used to offset future taxable income. But I think they still may be considered in the start up phase so all these start up expenses and 'accrued' losses would be accumulated and amortized when business actually begins...I can go on and on with this but I won't bore you with the laws of taxation. Also, the maximum Delaware franchise tax liability is 150,000 per year based on capitalization. I'm not sure how many shares are actually authorized so I cannot do the calculation but what's the worst case, in the hole 300,000?? When the revenues come in, a letter and a check to Delaware will clear this all up. So, what was your point again??? | Parent

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