Non-interest bearing parent/child loans

Question: I loaned a sizeable sum to my daughter to enable her to purchase a residence.  While I expect to be repaid, there is no specific time for repayment and no interest will be paid on the loan.  What are the tax consequences of this arrangement? Answer: Persons...

Protecting LLC Assets from Creditors

Question:       I own an interest in a limited liability company with others through which we operate a professional service business. Our company holds a significant amount of assets largely consisting of equipment, accounts...