I have a client that attended school while in business (S-Corp) she had her nursing license but went back to school for a degree as a Doctor of Nursing Practice so she could go to court as an expert witness for her business and would be referred to as a doctor.
Can you pay her student loan through her S-Corp as an expense?
Do you agree that she can write off the loan as education and interest exp.?
"Do you agree that she can write off the loan as education and interest exp.?"
No.
Not business interest and not "education." People get education. Businesses don't get education.
You should understand which "hat" she is wearing for any activity. This would be a sole shareholder, who also is an employee. What you asked about here, and what's being covered, is Employee Benefits. Perspective matters. That controls the reporting, as well, such as W2; and the limits, and the taxable status for the Employee's own reporting.
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