News & Articles

A Good Time for Making Tax-Smart Family Loans

Posted on Wed, Jul 01, 2020

During the COVID-19 crisis, you may want to loan money to a family member in need of financial assistance. However, before writing out a check, you should review the federal tax rules to ensure that you're making a tax-smart loan. The good news is that now is generally an advantageous time to lend money to family members.   

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Tags: Interest Rate, Family Loans

How to Set Up an IRS-Approved Family Loan

Posted on Mon, Jul 17, 2017

Today's relatively low-interest-rate environment makes it easy to loan money to family members on favorable terms with full IRS approval. Here's a rundown of what the law covers and why now might be a good time to set up loans.

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Tags: IRS, Interest Rates, Family Loans, Loan

How to Set Up an IRS-Approved Family Loan

Posted on Sun, Sep 07, 2014

Today's low-interest-rate environment makes it easy to loan money to family members on favorable terms with full IRS approval. Here's a rundown of what the law covers and why now might be a good time to set up loans.

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Tags: EHTC Article, Documentation, IRS, Interest Rate, AFR, Newsletter, Articles, Family Loans, Families