Timeline for Is there any way to transfer student loan debt to my independent contracting business?
Current License: CC BY-SA 3.0
8 events
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| Feb 28, 2015 at 15:37 | comment | added | avgvstvs | Or to say it more explicitly: I have no idea WHAT everyone else is doing. | |
| Feb 28, 2015 at 1:02 | comment | added | avgvstvs | To answer your question, yes, I would think everyone would be doing that, but I'm a pentester by trade and not a tax accountant or business lawyer. I don't know how this stuff works. | |
| Feb 27, 2015 at 17:23 | history | edited | littleadv | CC BY-SA 3.0 |
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| Feb 27, 2015 at 17:19 | comment | added | littleadv | @avgvstvs I don't know what you're talking about. Your LLC cannot provide you pre-tax tuition assistance. Anyone telling you otherwise is mistaken. Pre-tax education assistance can be provided through a specially set up plan to employees, but never to owners. | |
| Feb 27, 2015 at 12:59 | comment | added | avgvstvs | With the (seemingly) clear exception of tuition assistance, I'm forced to agree. Since I'm still getting my master's I might be able to make use of that. Clearly, I'll contact a lawyer first. | |
| Feb 27, 2015 at 2:43 | comment | added | littleadv | No, it doesn't. Nothing will be "after tax". Why would it be? In the end - its your personal debt, whatever "assistance" your LLC is giving to you is considered income. | |
| Feb 26, 2015 at 18:32 | comment | added | avgvstvs | I updated the question with some additional context. Does that change your response? | |
| Feb 26, 2015 at 2:22 | history | answered | littleadv | CC BY-SA 3.0 |