Trnr395 Posted January 29, 2010 Report Posted January 29, 2010 I know this is a stupid question but is there any tax consequences on a corporation paying back a substantial size loan to one of the shareholders....other than on the balance sheet of course. Quote
Gail in Virginia Posted January 29, 2010 Report Posted January 29, 2010 There should be some interest expense for the corporation and income for the shareholder, whether imputed or stated. Quote
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