[Hidden-tech] Tax question

[George Forman]

George Forman, Ph.D.
Co-founder Videatives, Inc.
Co-Founder CITM Media
19 The Hollow
Amherst, Massachusetts, 01002

I am co-founder of the above two companies.  The first is a corporation (New York State) and the second is a simple partnership whereby each partner receives a K-1 to use against our respective personal tax returns.  I would like to invest W2 wages coming from Videatives to help pay for web development at CITM Media.  But I would have to pay taxes on those wages even though I would receive a deductible expense via the K-1 from CITM Media.  Seems like I should be able to directly invest from one company into the other without passing money through me as W2 wages?  Please let me know if you have had this situation or if you know of someone whose advise I could seek.  

Thanks,
George




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