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Hunter – do you object to me contacting Bill Morgan about the characterization of the payments made to you by HW3? See Mervyn’s response below to my inquiry seeking confirmation that the payments were loan payments to you.

George

George R. Mesires
Partner
george.mesires@FaegreBD.com<mailto:george.mesires@FaegreBD.com> Download vCard<https://www.faegrebd.com/_vcard/george.mesires.vcf>
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Faegre Baker Daniels LLP<https://www.FaegreBD.com>
311 S. Wacker Drive | Suite 4300 | Chicago, IL 60606, USA

From: Mervyn Yan <mervyn.yan@gmail.com>
Sent: Friday, February 01, 2019 11:02 AM
To: Mesires, George R. <george.mesires@FaegreBD.com>
Subject: Re: W-9 FaegreBD Eastern Remit to Address.PDF

The issue of treating a loan is that the company had been liquidated, and the loan balance has not been repaid in full or in part, or to be written off, irs may have an issue. This ought to be a 1099-misc situation, Hunter can expense most if not all of the income, and no troubles going forward.

Please confirm.


On Fri, Feb 1, 2019 at 11:48 Mesires, George R. <George.Mesires@faegrebd.com<mailto:George.Mesires@faegrebd.com>> wrote:
Mervyn:

Attached is a W-9 for Faegre Baker Daniels. Also, I want to confirm that the payments to Hunter are to be characterized as a loan for the final tax returns.

Thank you

George