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Form 8806 for Prophets & Profits Inc.

Name and address of the reporting corporation:

Prophets & Profits Inc.
47 West Polk Street, Suite 107
Chicago IL  60605

Date of transaction:


Description of the transaction

Closed S Corporation in to merge two companies into Prophets & Profits Marketing, Inc.

Did the reporting corporation’s shareholders receive any stock or other property in exchange for their stock in  the reporting corporation, for which the reporting corporation has reasonably determined that the shareholders are required to recognize gain (if any) from the exchange of such stock?


Fair market value of the stock or other property received


Description of the stock or other property received


Page Last Reviewed or Updated: 04-Nov-2015