Documenting Loans to Closely-Held Corporations

In Norgaard v. United States, No. 16-12107-FDS (D. Mass. 2018), the court addressed whether a personal loan made to a closely held corporation can be deducted as a bad debt when the business goes out of business. The case highlights why it is important to document loans made to corporations. The Facts & Procedural History […]

The post Documenting Loans to Closely-Held Corporations appeared first on Houston Tax Attorneys: Kreig Mitchell.

Read More