if i give 5% of my S corporation away to another person in return for work, what do i need to provide them with?
I started a farm business in 2008 and each following years had a NOL until 2013. In 2012, I learned about section 172(b)(3) and filed it for taxyear 2012 .I will be using it for tax year 2013 as I am now making a profit. Is it possible to file a section 172(b)(3) for year 2008, 2009, 2010 so that I may applied them in the future? How is it done? Thank you