So I borrowed some money from my parents about 2 years ago to finish off the mortgage a year early. At the time it seemed like a good idea since i would be worry free of the monthly payment and they don't mind me taking my time to pay them back. The loan was all cash and about 45,000 dollars. Now the IRS is looking into this and claims that I need to come up with proof that this was a loan. Of course, I have no proof.
I also have a habit of buying things like plane tickets, electronic appliances etc for my co-workers and they'll pay me back in cash. Mainly because they have shit credit, and I could use the reward points. I guess that doesn't help the situation either. Any suggestions? Thanks in advance.
Submitted August 02, 2017 at 02:20PM by haiyouh http://ift.tt/2v02ELa
