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PAYMENTS TO CORPORATE OFFICERS

    http://www.edd.ca.gov/pdf_pub_ctr/de231pc.pdf
    whether payments to corporate offcers constitute loans or wages. 1. A corporate offcer loaned money to the corporation. The corporate offcer raised the money through personal loans from banks. The pre-incorporation agreement called for the corporation to assume the liability owed the corporate offcer. The corporation’s

CORPORATE LOANS TO OFFICERS, DIRECTORS AND …

    https://www.jstor.org/stable/40683336
    corporation lent surplus funds to its treasurer for use in a personal business enterprise. It was held that such a loan was not ultra vires, and that a corporate officer could borrow money from the corporation in his individual capacity without any necessary imputation of fraud. Similarly, in Felshenheld v. Block Brothers Tobacco Co., 119 W. Va.

IRS Treatment of Loans to Officer/Shareholder – Taxes

    https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
    In conclusion, whether a transfer from a corporation to an officer/shareholder will be treated as a loan or as compensation determines if amounts received must be included in a taxpayer’s gross income. This determination is made by courts through examinations of the conditions attendant to the transaction.

Sarbanes-Oxley's New Ban on Loans to Directors and ...

    https://www.dorsey.com/newsresources/publications/2002/08/sarbanesoxleys-new-ban-on-loans-to-directors-and__
    Aug 16, 2002 · August 16, 2002. SARBANES-OXLEY’S NEW BAN ON LOANS TO DIRECTORS AND EXECUTIVE OFFICERS: WHAT YOU NEED TO KNOW NOW. Effective July 30, 2002, Section 402 of the Sarbanes-Oxley Act of 2002 amended the Securities Exchange Act of 1934 to prohibit U.S. and foreign companies with securities traded in the United States from making, or arranging for third …

Loans to Officers Sample Clauses: 118 Samples Law Insider

    https://www.lawinsider.com/clause/loans-to-officers
    Loans to Officers. Make any loans or advances to its shareholders or officers in excess of $200,000 to any individual officer or shareholder or $500,000 in the aggregate to all officers and shareholders.

Sarbanes-Oxley Prohibition on Loans to Executives May ...

    https://www.haynesboone.com/publications/sarbanesoxley-prohibition-on-loans-to-executives-may-conflict-with-compensation-practices
    Aug 30, 2002 · 08/30/2002. As we discussed in our Alerts dated July 31 and August 9, 2002, Section 402 of the Sarbanes-Oxley Act of 2002 (the “Act”) makes it unlawful for public companies to directly or indirectly extend or maintain credit, or arrange for the extension of credit to their executive officers or directors. The scope of the Act’s prohibition on personal loans to executive officers and directors …

S Corporation Employees, Shareholders and Corporate Officers

    https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
    Mar 16, 2021 · Purported “loans” from S corporation to its sole shareholder, officer, and director, were wages for purposes of FICA and FUTA taxes. The loans were unsecured demand notes bearing no interest, loans were made entirely at the discretion of shareholder, and the shareholder regularly performed substantial, valuable services for taxpayer.

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.

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