can a new dentist incorporate his student loans into his business loans to get better tax breaks?
Jun.09, 2009 in
Uncategorized
jpj52byu asked:
normally you can only deduct up to $2500 in interest and that’s if you make less than a certain amount. If you make the student loan a business expense you would be able to write off the entire loan and not just the interest right?
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normally you can only deduct up to $2500 in interest and that’s if you make less than a certain amount. If you make the student loan a business expense you would be able to write off the entire loan and not just the interest right?
Accounts Receivable Factoring Quote, Invoice Factoring, Accounts Receivable Factoring, Factoring Loan For Commercial Finance Loans – AR Factor Quote * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
invoice factoring
June 13th, 2009 at 10:20 am
Accounts Receivable Factoring Quote, Invoice Factoring, Accounts Receivable Factoring, Factoring Loan For Commercial Finance Loans – AR Factor Quote * Equipment Financing * Purchase Order Finance * Commercial Mortgage – IMM Financial has been in the Commercial Finance Business serving companies just like yours for over 14 years. Put our experience to work for you. We are the Cashflow Specialists.
You may want to consult with an accountant if there’s a “creative” way to do this and make it happen
But at first look, this can be an IRS audit trigger for you.
I would proceed with caution if I were you.
June 15th, 2009 at 6:22 pm
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I hope you are kidding. Of course you cannot take your student loans – principal or interest – off as a business expense. And please don’t ask it you can take your vacation expenses or your car loan either.
You can ordinary and reasonable expenses incurred in operating your business. Period.