Capital management services liquidating file updating xbmc
Assets include large items such as a house, car or recreational vehicle, but also can include things like: jewelry, antiques, collectibles, stocks, bonds, or a 401K.
If it is considered terminated, the company would have been viewed as having completely liquidated, and both it and its shareholders would have experienced the tax consequences attendant to the situation. In other words, in most cases, the liquidation of a corporation commonly engenders two levels of taxation: tax will be imposed at both the corporate and distributee shareholder levels.* The De Facto Company Closure A complete liquidation is not always accompanied by a formal or legal company shutdown. Thus, unless dissolution brings about an automatic transfer of the corporation’s assets to its shareholders, the corporation, even though dissolved, continues its existence.
Company management, however, was blissfully unaware of this development and continued to file the business’s federal corporate income tax return and pay all federal income taxes.
Eventually, company officers learned of their plight and reincorporated the business in the same state.
Our goals are simple: provide tier-best results in every client portfolio, driven by unsurpassed servicing.
The leadership team of Capital Management Services has a combined collection industry experience of 60 years, has led over 3000 collection specialists, and has directed over .0 Billion dollars in recoveries owed to clients.
Our collection staff has an average of 4.7 years of industry experience.