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Tax Question
I am forming a new LLC. If I offer my services but take stock instead of cash, am I liable to pay taxes on the stock received?
Asked on June 23, 2009 under Business Law, North Carolina
Answers:
MD, Member, California Bar / FreeAdvice Contributing Attorney
Answered 14 years ago | Contributor
It depends if it qualifies as income at both the state and federal level. Further, is the stock your income or is there income in addition? Are you relying solely on dividends?
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