08.31.22 The Newest Text Message Scams / Family Loans & Taxes
The Clark Howard Podcast
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The Tax Code Is Amazingly Friendly for Family Helping Family
The tax code is amazingly friendly for family helping family, even friends helping friends. The i r s actually sets what the interest rates have to be, and they're incredibly low. You can't just say, wink and nod, im going to lend you money at half a %. It's really easy to find on line, for different lengths of loans, what it is you have to charge. But just know, make sure that you're charging exactly what the i r s requires.
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