Taxability of investor compensation as a guarantor

A

Acct888

Joined
Jan 18, 2012
Messages
8
Reaction score
2
How should the payment made to a personal guarantor for a business line of credit or loan be reported on the business corporate tax return? What is the taxability for this one time payment for risking their credit for a business and what form should this payment be reported on to the IRS? The investor(guarantor) has no ownership interest the business, etc. however they are compensated for signing as a guarantor.
 
You must log in or register to reply here.

Ask a Question

Want to reply to this thread or ask your own question?

You'll need to choose a username for the site, which only take a couple of moments. After that, you can post your question and our members will help you out.

Ask a Question

Similar Threads

UK Bank and Xero access to external investors 0
What are the possible ways to account for Investment made by investor without issuing shares? 0
Taxability of Social Security during "Early" Retirement 1
USA Sales and/or Use Tax when One's Distributor is a Wholesale Store? And, No Taxability Code with Wholesale Stores? 0
USA Angel Investor 5
USA Accounting for Investors Money 0
USA Oil & Gas Schedule C subject to SE by someone who is passive investor 0
USA What accounts to set up for debit/credits for Loans with investors and borrowers 0

Members online

No members online now.
Total: 212 (members: 0, guests: 212)

Forum statistics

Threads
11,629
Messages
27,577
Members
21,385
Latest member
faisal

Latest Threads

Top