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.
If life evolved in the deep ocean, near a hydrothermal vent, it could have originated as early as 4 to 4.2 billion years ago. If, on the other hand, life originated at the surface of the planet, a common opinion is it could only have done so between 3.5 and 4 billion years ago. Lazcano and Miller (1994) suggest that the pace of molecular evolution was dictated by the rate of recirculating water through mid-ocean submarine vents.