Quote:
Originally Posted by GWilliams
They buy the loss to write off the profit=No taxes.
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possible, but in this case, buying the loss means buying the customers/physical assets. . . and the loss comes with the Medicare liability. . . if they buy the business without the Medicare liability, there is no loss, just customers and assets, assets which get revalued, and customers who start all over with billing codes and medical encounters.
usually in the purchase to use the loss, is an operating loss carry forward after a transaction has been completed. . . which I am not certain that will apply in this case, as its a continuing operating liability. . .
but i am not a tax lawyer, and don't even want to play one on TV