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.
Scientists do not know how life began on Earth. They do know that the early Earthâs atmosphere was very different from the atmosphere now. In 1952, Stanley Miller was working with Harold C. Urey designed an experiment to see how complex organic molecules might have formed under the conditions of early Earth.