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Investment Reportable to IRS?

Someone wants to invest in my little company. Will I be reported to the IRS if this person invests $70,000 in my company account?


Unless the investment is made in the form of cash and that cash is deposited to your business account, your bank will not be required to file a report. Whether or not the investment itself is a tax-reportable event, is something you will need to take up with a qualified tax adviser.

Published on BankingQuestions.com 3/23/09