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Lending money to an employeeQUESTION: One of my employees has ... Have a formal loan agreement in place and maintain detailed records to include the loan amount, duration of the loan and the repayment schedule.
Additionally, the IRS reminds borrowers (and employers) about a lesser-known, tax-free way to get help with student loan repayment. "The IRS wants to remind both employers and employees about this ...
Some believe that the low participation rates for young people are in part due to being overburdened by high student loan balances and repayment ... by the IRS, an employee with student loans ...
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