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irs loan rate,irs loan rate >

Set an Interest Rate Google

Interest-Free doesn’t mean hassle-free. Many loans among family members are interest-free. But be careful. If you don’t set an interest rate, the IRS, in its family-friendly way, will do it for you. And since that interest would be considered income for the lender, the IRS will happily tax the interest payments that were never paid. [...]