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Santa Maria California Form 4421: What You Should Know

These are the same three unregistered affiliates we have been finding over the last few months—all owned by the same person (Kenny) and all receiving cash  from the same accounts. They all receive stock options and bonuses from the same publicly traded corporation — EIG. We think these numbers are too high for a startup, but we have no way of verifying exactly what they are. “A person who has no property, and who uses his own labor and his own property or any combination of both, to accumulate capital which he uses for himself and to save any portion of it for his own use, whether in the form of personal inheritance, bequests, or by an operation of law, and who does not pay any tax or stamp duty upon such capital, is treated as a person who has property.” (1 U.S.C. § 1) The term property is broad, being interpreted to include, for example, income from the following. “Any gain or income from property that, if realized, would be includible in the gross income of such person as a taxpayer.” (1 U.S.C. § 1) “The definition of property in the Internal Revenue Code and Regulations is broader than that of income, which means that there are many instances where a taxpayer has income from a property that the taxpayer does not own. Thus, a taxpayer may receive dividends from an employer stock ownership plan that does not include the taxpayer's shares, rent from an owner-occupied property that does not include the taxpayer's stock, and stock options given to a family member that do not include the taxpayer's shares.” (1 U.S.C. § 1) The Company's current structure is that the CEO is the CEO, as CEO, and in the role of CFO, and Nina is the CFO, Nina, and also, as Nina, receives a bonus, which, we argue, will be taxable, and the CFO's bonus as CFO will not.

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