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Thread: MJ Estate Second Accounting - Document & Summary & Discussion

   
  1. #136
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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    I am sorry what is going on? I am confused.

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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Quote Originally Posted by ivy View Post
    The third accounting hearing is set for December 2013 and I would imagine they would file it a short time before the hearing. The accounting time period starts after the previous accounting has accepted. So it'll be a while before we see the third accounting - we are looking to November or December 2013.
    Ok thanks.
    The 2nd accounting was filed 2 Jul so I thought 3rd one would be around the same time next year:-)
    Long wait ahead.

  3. #138
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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Quote Originally Posted by ivy View Post
    The third accounting hearing is set for December 2013 and I would imagine they would file it a short time before the hearing. The accounting time period starts after the previous accounting has accepted. So it'll be a while before we see the third accounting - we are looking to November or December 2013.
    Ivy, I don't think they can move the accounting period from year to year for fiscal purposes. An estate is like a company, they need to respect accounting rules & i can't see them preparing a different set of documents for IRS & another for probate.

    I would assume they use those same documents to file taxes, so most likely they will maintain the same fiscal year they use for the 2nd accounting.

    My educated/uneducated guess: regardless of when the documents were finally reviewed & approved in probate, they will have to submit again at the same period they did last year, covering the previous 12 months. I can't recall their year end... but will check later today.
    Last edited by Memefan; 17-01-2013 at 11:16 AM.

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  5. #139
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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    I'm really in a juridical/financial class, here!

    Tks for Ivy, MemeFan and all of you, guys!

    Great, great job!

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    Default Re: Statement from MJ Estate Pg 12 #170 / New Yorker - Did Thriller Really Sell a 100 Million Copies

    Fiscal period for second accounting: November 1st, 2010 to December 31st, 2011.

    So probate approved the documents almost a year later.

    I expect the 3rd accounting period to cover January 1st 2012 to December 2012...which from now on would be the estate set accounting / fiscal period. Companies don't change their accounting calendar at whim, and estate's matches calendar year now, which is good.

    I would expect another accounting report before or end summer...even if they file for an extension. Corporations deadline to file tax returns is mid-march or mid-september (if an extension is requested).
    Last edited by Memefan; 18-01-2013 at 11:58 PM.

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  8. #141
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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Bump!

    Very interested in this!
    Any news? Can't we expect something soon?
    ***The King Of Pop, Rock & Soul.***

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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Who is the "Guardian ad litem" to whom a payment of $ 54,478 was made?
    God, I thank you for allowing Michael to continue to watch over his children:

    Prince Michael, Paris, and Blanket ("Bigi").


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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Margaret Lodise is PPB's court appointed guardian ad litem.

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    Default Re: MJ Estate Second Accounting - Document & Summary & Discussion

    Quote Originally Posted by Bubs View Post
    Margaret Lodise is PPB's court appointed guardian ad litem.
    Thanks!
    God, I thank you for allowing Michael to continue to watch over his children:

    Prince Michael, Paris, and Blanket ("Bigi").


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