One of Corbett Corporation's shareholders, Gene, is having severe financial problems due to extensive medical expenses. He has approached the company for a loan, but the other shareholders on the board of directors refuse to approve it. Gene owns 25 percent of the corporate stock with a basis of $100,000 and his brother owns 10 percent of the stock. Gene is not related to any of the other shareholders. One percent of the stock is worth $10,000.

Gene needs $100,000 to pay off his current medical bills. The corporation has $100,000 in its accumulated earnings and profits account. What alternatives can you suggest to Gene and the corporation that would provide Gene the money he needs while minimizing taxes?