When Does a Promissory Note Create Basis in Controlled Company Stock?

Published Categorized as Articles, Houston, Tax

Business owners have choices in how to fund their corporations. Should they contribute cash? Property? Perhaps a promissory note? There may be some benefit of using a promissory note. You get stock in your company without immediately parting with cash or other assets. The promissory note sits on the company’s books as a receivable, and… Continue reading When Does a Promissory Note Create Basis in Controlled Company Stock?

The post When Does a Promissory Note Create Basis in Controlled Company Stock? appeared first on Houston Tax Attorneys | Mitchell Tax Law.

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