If a corporation borrows money from a shareholder and pays the shareholder interest at a greater than

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If a corporation borrows money from a shareholder and pays the shareholder interest at a greater than market rate, how will the interest in excess of the market rate be treated by the IRS?

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Taxation Of Individuals And Business Entities 2015

ISBN: 9780077862367

6th Edition

Authors: Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

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Question Posted: Sep 21, 2024 05:13 AM

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If a corporation borrows money from a shareholder and pays the shareholder interest at a greater than market rate, how will the interest in excess of the market rate be treated by the IRS?
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If a corporation borrows money from a shareholder and pays the shareholder interest at a greater than

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The IRS is likely to argue that theinterest pa...View the full answer

Taxation Of Individuals And Business Entities 2015

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