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Tag Archives: Tax Consequences of Loans and Gifts

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Tax Consequences of Loans and Gifts

By David Toback |

When the bank loans you money, it’s pretty clear that it’s a loan. The bank will make sure of that by making you sign documents evidencing you’re taking out a loan. But sometimes the line between a loan and a gift isn’t so clear. Loans or Gifts? If Cousin Louis “gives” your business $50,000… Read More »

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