Risks — open questions being worked

The scanned OA is missing Sam Ortiz's signature page. Enforceability of the buyout clause is uncertain until the fully executed copy is located.

Consequence: Buy-sell terms may be unenforceable in a dispute.

Immediate action: Get the complete executed copy from the closing attorney.

Alex's 76,000 W-2 against ~180,000 of consulting revenue looks defensible, but no market-comparison memo exists yet.

Consequence: IRS could recharacterize distributions as wages.

Immediate action: CPA to prepare a comp study before the 2026 return.

Business-use percentage for the F-150 is an estimate; a contemporaneous log would lock in the deduction.

Consequence: Deduction reduced on audit.

Immediate action: Start a mileage-app log.

When the trust lent Alex 30,000, the combined-loan math under IRC 72(p) was computed and documented BEFORE disbursement - the register holds the worksheet.

Consequence: None - loan is compliant.

Immediate action: None. Kept as an example of the pre-loan computation discipline.

Resolution: Worksheet on file; loan compliant at origination and current since.