The legal requirements for investment and loan. I know the definition but I cannot find a law the explains them.
Answered on: 4/18/13, 3:43 pm by Bryan Whipple
As a starting point, go on line and look up Hameetman v. California Franchise Tax Board, an unpublished 2006 case. The references therein may be useful. I don't know of any specific single law defining the distinction between debt and equity investment; there may be some in regualtions of the IRS and FTB, but in close cases courts may have to rely on gut feel.
Did you find this answer helpful?
0 Users found this answer helpful.
0 Attorneys agree with this answer.
Bryan R. R. Whipple, Attorney at Law P O Box 318 Tomales, CA 94971-0318► Other answers from this attorney