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Any unique ways of paying student loans with an S-Corp?
Posted on 12/11/17 at 7:02 am
Posted on 12/11/17 at 7:02 am
Other than increasing distributions, are there any other ways?
I found this from a google search, anyone know how this might work?
I found this from a google search, anyone know how this might work?
quote:
The business could account for the payment in several ways. But is must have been set up and done legally. The business could have set up a receivable from the student who could then re-pay the loan over a longer term
2
Posted on 12/11/17 at 11:55 am to TheOcean
If the receivable is from a student who is also a shareholder this would be considered a loan to shareholder and subject to IRS imputed interest rules.
Posted on 12/11/17 at 2:56 pm to TheOcean
S corp can pay it off and the employee can recognize income.
But if you are the shareholder and the employee... that's not a great deal.
But if you are the shareholder and the employee... that's not a great deal.
Posted on 12/12/17 at 2:29 pm to LSUFanHouston
Seems like annual corporate filing fees would cut into whatever minimal advantage you might get by paying through an S-Corp
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