Imputed interest rate
For those that have made a move lately or signed a retention deal what was the imputed interest rate on your forgivable loan? Please give the firm too.
(usually firm pays the interest but the FA has a taxable obligation for that interest in that year as well)
BAI makes the FA write a check every year over 6 years, then they run it through payroll, grossed up with the 5 % of the remaining "loan" shown as imputed income. Then it all hits FIT, State, SS and Medicare.