![]() |
lending money - Printable Version +- MacResource (https://forums.macresource.com) +-- Forum: My Category (https://forums.macresource.com/forumdisplay.php?fid=1) +--- Forum: Tips and Deals (https://forums.macresource.com/forumdisplay.php?fid=3) +--- Thread: lending money (/showthread.php?tid=147106) |
Re: lending money - freeradical - 01-11-2013 http://www.prosper.com/ http://www.lendingclub.com/home.action Re: lending money - space-time - 01-11-2013 freeradical wrote: what does this have to do with this topic? Re: lending money - freeradical - 01-11-2013 space-time wrote: what does this have to do with this topic? Shakespeare... Re: lending money - Buck - 01-11-2013 Many people will want to be your friend....... Re: lending money - Ken Sp. - 01-11-2013 If you do decide to structure it as a "loan" then to offset what interest you need to charge, to satisfy the IRS, you're actually able to "gift" the amount of interest payment to that person as a gift, up to $13,000 per year. Re: lending money - NewtonMP2100 - 01-11-2013 transfer to unmarked bonds......??? Re: lending money - Michael - 01-12-2013 Minimum interest rates for IRS purposes are published each month by the IRS. They are called Applicable Federal Rates (AFR) and vary for short term (less than a 3 years), midterm (3-9 years) and long term (9 years and beyond). Here's a link for the current one: http://www.irs.gov/pub/irs-drop/rr-12-31.pdf So, the December ruling was that the minimum short term interest rate was .24% annually; for midterm it was .95% annually and for long term it was 2.40% annually. The Jan ruling should be out any time now. A simple document indicating the amount loaned between the two parties listed, the term and the interest rate of at least the AFR should satisfy the IRS. |