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To: jpthomas
Depending on the details of the terms of the loan, the employer is treated as if it paid additional compensation to the employee in the amount of the difference between the actual rate of interest and something called the applicable federal rate (AFR).

Thanks for answering my question while I was typing! No wonder they don't want to disclose the names. Someone should file under the CA Sunshine statute, if one exists, find out the names and then call the IRS. Could be a pretty hefty reward ;-)

10 posted on 07/13/2006 6:54:31 PM PDT by VeniVidiVici (My head hurts.)
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To: VeniVidiVici

On a fancy liberal California spread that interest difference must be at least $1000 a month!


11 posted on 07/13/2006 7:14:53 PM PDT by Wristpin ("The Yankees announce plan to buy every player in Baseball....")
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