The IRS requires intra-family loan rates to reflect the current commercial loan market. If your loan requires little or no interest, you may be required to pay taxes, Cunningham says.
Clouds formed as the Earth began to cool, producing enormous volumes of rainwater that formed the oceans. For the next 1.3 billion years (3.8 to 2.5 billion years ago), the Archean Period, first life began to appear and the worldâs landmasses began to form. Earthâs initial life forms were bacteria, which could survive in the highly toxic atmosphere that existed during this time.
How long ago did the first living forms appear on earth? the earliest known life form were single celled organisms which roamed the earth they appeared around two billion years ago Answer: The Earth formed about 4.5 billion years â¦ ago. 700 million years later (3.8 to 3.5 billion years age) life started.5 people found this useful.he earliest known life form were single celled organisms which roamed the earth they appeared around two billion years ago Answer: The Earth formed about 4.5 billion years â¦ ago. 700 million years later (3.8 to 3.5 billion years age) life started. 5 people found this useful.