<p>IRS Releases Practice Unit on Shareholder Debt Owed by S Corp</p>

IRS Releases Practice Unit on Shareholder Debt Owed by S Corp

Internal Revenue Service

The IRS released a practice unit on debt basis for an S corporation shareholder, addressing what qualifies as bona fide debt and whether that debt is owed directly to the shareholder creating debt basis.

<p>The IRS released a practice unit on debt basis for an S corporation shareholder, addressing what qualifies as bona fide debt and whether that debt is owed directly to the shareholder creating debt basis.</p>