Prudence was named a shareholder in her law firm, which operates as an S corporation. Her payments into the capital of the firm were to start in about nine months, when an audit would determine the full value of the firm and a new corporate year would commence. Paperwork with the pertinent state offices was completed, naming Prudence as a shareholder and director, and adding her name to that of the firm. But Prudence left the firm eight months after the announcement, that is, before she paid any money for shares. Is Prudence liable for tax on her share of the entity’s earnings for the eight months?