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Sidestep a tax trap for intra-family loans

by on
in Small Business Tax

If your child is graduating from college or grad school, you’ll want the youngster to start off on the right foot. Strategy: Give your child a low-interest, or even a no-interest, loan. As long as you stay within the tax law boundaries, your family will have no tax worries. However, if you’re not careful, you could wind up facing tax complications.

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