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In the current year, Madero Corporation made a $ 4 0 0 , 0 0 0 interest - free loan to Francisco Madero, the corporation
In the current year, Madero Corporation made a $ interestfree loan to Francisco Madero, the corporations controlling shareholder. Mr Madero is also the corporations chief executive officer and receives a salary of $ a year. What are the tax consequences of classifying the loan as a compensationrelated loan rather than as a corporationshareholder loan?
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