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http://www.asktaxguru.com/850-c-corporation-loans-to-officer-business-purpose.html#:~:text=When%20a%20Corporation%20lends%20monies%20to%20its%20officer%2C,Directors%20in%20the%20Minutes%20of%20the%20Board%20meetings.
https://www.lawinsider.com/clause/loans-to-officers
Loans to Officers. The corporation may lend money to, or guarantee any obligation of, or otherwise assist any officer or other employee of the corporation or of its subsidiaries, including any officer or employee who is a Director of the corporation or its subsidiaries, whenever, in the judgment of the Board of Directors, such loan, guarantee ...
https://www.irs.gov/businesses/small-businesses-self-employed/s-corporation-employees-shareholders-and-corporate-officers
Ghosn v. Comm’r, T.C. Memo. 1995-192. 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 ...
https://taxes.uslegal.com/articles/irs-treatment-of-loans-to-officershareholder/
First, the case of Rogers v. 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 ...
https://www.investopedia.com/terms/l/loanofficer.asp
Loan Officer: Representatives of banks, credit unions and other financial institutions that find and assist borrowers in acquiring loans. Some specialized loan officers, called loan underwriters ...
http://deanpaley.com/borrowing-from-your-corporation/
For example, let’s assume you borrow money from your corporation during 2012 and your company has a December 31, 2012 year-end. You have until the end of 2013 to repay the loan. If you do not repay the loan in time, then it will be added to your 2012 personal income for tax purposes. With proper planning around the timing of the loan, it may ...
https://www.irs.gov/businesses/small-businesses-self-employed/paying-yourself
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.
https://www.apmortgage.com/joinapm-blog/the-3-ps-of-loan-officer-business-planning-production-people-and-personal-goals
We often refer to these as the 5 P’s of loan officer business planning: Production and business development: Your business and what fuels it. Process and technology: What technology or processes you can add to make your business more efficient and seamless. Personal brand and marketing: Establish your personal brand and develop winning ...
https://www.coursera.org/articles/loan-officer
A loan officer is a finance professional who helps individuals, small businesses, and companies borrow money to accomplish goals like buying a house or getting new equipment to grow a business. A loan officer can counsel potential borrowers through the loan process, educating a borrower on loans and their terms.
https://www.njlenders.com/loan-officer
This information is not a loan commitment or an offer to extend credit as defined by 10 CFR 1026.2. Program rates, loan terms and conditions are subject to change at any time and may vary based on the individual borrower's eligibility and credit history. NJ Lenders Corp. is an Equal Housing Lender. For more information please visit our License Page
https://www.nnoa-camppendleton.org/officer/what-is-an-officer-of-a-corporation.html
Overview of Corporate Officers Corporate officers are high-level management executives hired by the business’s owner or board of directors. Examples include the organization’s chief executive officer (CEO), chief financial officer (CFO), treasurer, president, vice president, and secretary. Is an officer of a corporation an employee?
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