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Intercompany Loan

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Intercompany loan
Loan made by one unit of a corporation to another unit of the same corporation.
Intercompany Loan
A loan in which both the lender and the borrower are divisions of the same corporation. Such a loan may have tax consequences, depending on the jurisdiction.
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Treated as debt, the intercompany loans produce an ordinary bad debt deduction, assuming the debt is excluded from Sec.
Effect of debt recharacterization on worthless securities deductions by Willis, Benjamin / The Tax Adviser
Also, a foreign exchange loss on an intercompany loan resulting from a strengthened dollar, along with sharply lower interest income primarily as a result of reduced money market rates, resulted in a first quarter net loss of $6.
ENZO BIOCHEM REPORTS RECORD FISCAL 2009 FIRST QUARTER REVENUE by Biotech Financial Reports
Financial Guarantees and Financial Transactions The regulations also address another area that the IRS felt was not being properly addressed in the past: intercompany loans and guarantees.
IRS takes aim at service issues in transfer pricing: two important ... by Hryck, David / Financial Executive
 
 
 
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