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.
Earth is the third planet from the Sun and it is the only planet known to have life on it. The Earth formed around 4.5 billion years ago.It is one of four rocky planets on the inside of the Solar System.arth is the third planet from the Sun and it is the only planet known to have life on it. The Earth formed around 4.5 billion years ago.