@Jamie Bateman it is an interpretation of the tax code that I know John hyre used to talk about.This question really needs to be answered by your cpa and how you do your taxes and which schedule you use etc.. i can say the way my business does their taxes it would not be considered a taxable event

"investor" rules are not only extremely complex but actually vague and subject to interpretation.  

I believe ASC is reserving the right to pursue a deficiency, although it doesn't acutally SAY it like that.Would someone be able to interpret this for me?"

What is left open to interpretation is what constitutes "authorization"??????

I hope that it can't be interpreted to allow some novice installer to make holes in my roof!

Originally posted by Rich Weese:Josh asked for ideas if the "market or economy crashes".Well I interpreted the topic more broadly based on the title of the thread.

I'd prefer to have the raw data in the reports and interpret it myself.

Police are there to enforce laws as they exist, not to modify or interpret them.

Please forgive me for interpreting things incorrectly given our previous correspondence Bill.I always use the soft sell approach with the folks that express interest in our fund.

It can be hard to interpret someones tone while reading text alone.