Tag Archives: family-member

Making a Personal Loan? Make It Tax-Friendly …

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If you make a loan to a family member and charge zero interest, you may face unfavorable and complicated tax rules. But you can avoid tax -law complications if you charge an interest rate that at least equals the applicable federal rate (AFR) … Continue reading →

Bask in sunny vacation home tax breaks — Business Management …

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The entire day is treated as a “ personal use day” for tax purposes no matter how many hours the taxpayer spends at the vacation home. Furthermore, any day the home is used by a family member counts as a personal -use … Continue reading →