Please help, I messed up badly - will the IRS go after me?
ErrantX: The problem I forsee you having - even if you do work out the companies taxable income to $0 - is that it looks a lot like a Dumnmy corporation [1] where the cash is going out of the US. Im not sure if that would interest the IRS or not but I cant help but feel that it would :)1. http://en.wikipedia.org/wiki/Dummy_corporation