Comments on: can a new dentist incorporate his student loans into his business loans to get better tax breaks?

By: imisidro

imisidro — Sat, 15 Aug 2009 08:05:06 +0000

You may want to consult with an accountant if there’s a "creative" way to do this and make it happen

But at first look, this can be an IRS audit trigger for you.

I would proceed with caution if I were you.

By: Bob F

Bob F — Sat, 15 Aug 2009 08:05:06 +0000

I hope you are kidding. Of course you cannot take your student loans – principal or interest – off as a business expense. And please don’t ask it you can take your vacation expenses or your car loan either.

You can ordinary and reasonable expenses incurred in operating your business. Period.