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Old 12-22-2009, 05:33 AM
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Join Date: Dec 2009
Location: Partly in India and US
Posts: 2
Loan given to shareholder of C corporation

1.If the C Corporation extends loan to shareholder, How should it be treated from IRS prospective.

2. Payment to Individual as consulting fees is any compliance required from C corporation in terms of withholding taxes and intimation to IRS.

3. Return of Share capital to the shareholder of C corporation, Treatment and compliance for C corporation.

Thanks

Regards
Sameer



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