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Paying Yourself Internal Revenue Service

    https://www.irs.gov/businesses/small-businesses-self-employed/paying-yourself
    Jun 27, 2021 · A loan by a corporation to a corporate officer should include the characteristics of a loan made at arm's length. That is, there should be a contract with a stated interest rate, a specified length of time for repayment, and a consequence for failure to repay the loan. Collateral would also be an indication of a loan.

PAYMENTS TO CORPORATE OFFICERS

    http://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf
    Loans . 1. A pre-incorporation agreement exists calling for assumption of the liability owed to a corporate offcer by the predecessor corporation to be paid by the successor corporation. 2. The loan was acknowledged in the Articles of Incorporation. 3. The loan was recorded in the corporate minutes. 4. There exists a corporate resolution stating that the

C Corporation loans to officer for business purpose - Ask ...

    http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html
    Jan 21, 2009 · When a Corporation lends monies to its officer, the monies lent to the Officer is really booked as an Officer Loan receiveable. This loan must have a stated interest rate, a repayment schedule, that is an intent for the officer to repay this loan and the loan must be approved by the Board of Directors in the Minutes of the Board meetings.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    Commissioner T.C. Memo 1993-444 (1993) conclusively held that the officer/shareholder bears the burden of demonstrating that amounts received from the corporation are indeed loan proceeds, rather than taxable compensation for services provided. The court outlined certain conditions beneficial for the taxpayer to demonstrate in order for the funds to be treated as a loan, including (1) the existence of corporate records indicating that the corporation …

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