My CEO was given 2,160,000 shares of stock, in a company he founded,for the total purchase of his company. No stock values were everfiled wi...

Question

My CEO was given 2,160,000 shares of stock, in a company he founded,

for the total purchase of his company. No stock values were ever

filed with IRS. The stock was originally worth $2 per share. Is

there any way he can get a write-off for the enormous loss???

lewie white

Answer

The CEO needs a CPA or tax lawyer who can do tax planning, not a third party asking questions on the internet to lawyers who have no idea what the situation is.