Welcome Guest. Register Now!  


For 2014 Tax Tips For Year 2014.


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 12-05-2014, 03:24 PM
Junior Member
 
Join Date: Dec 2014
Posts: 1
Foreign interest free loan

I'm a grad student graduating in May 2015. I'll be employed in the UK office of my employer (a US organization). My employer is giving me a zero interest loan to pay off my student loans (let's say today), with a contract stating repayment over 30 months with monthly deductions from my salary upon my start date in October 2015.

My employer informed me that I'll have to pay the UK govt tax on the interest benefit, but does anyone know what the implications is for the my US filing for 2014, 2015, or any year?

Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax: Student Loan Interest Deductions Mani.VV For 2013 2 02-09-2014 11:51 AM
reporting about personal loan interest zvikorn Itemized Deductions 1 02-05-2011 10:44 PM
NY Tax-Free Minucipal bond interest for C corp christian C-Corporation 2 02-02-2009 11:45 AM
Help with tuition and student loan interest cornbread Estimated Taxes 0 07-28-2008 05:34 PM
Can I write off interest expenses on my personal loan used for my Business? JimiGood Sole-Proprietorship 1 03-04-2008 10:34 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning