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Archives for November 2020

Family Loans — Tax Considerations

November 21, 2020 by admin

Obtaining financing to start or expand small businesses and buy homes can sometimes be difficult. If your child or grandchild is having a hard time getting a loan from a commercial lender, you may be willing to help out by lending the money yourself. Have a Written Agreement Start by putting the loan agreement in writing. This may seem like an unnecessary formality, but without a written loan document, the… Read More

Filed Under: Business Tax

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