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Initial Capital was entered as Notes Payable from Stockholder
I am a bookkeeper, work for a company where 13 years ago, the initial capital $340,000.00 was listed under notes payable to owner (company owes owner this amount $340,000). Now, 13 yrs later the notes payable remains in the books.
Please help me write this off, or re assign it without consequences to IRS |
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