<p>ok, i get it. this explains it a bit. the irs would not consider this a ‘gift’.</p>
<p>[Tax</a> Questions - gift tax vs. loan - JustAnswer](<a href=“http://www.justanswer.com/tax/03xjn-gift-tax-vs-loan.html]Tax”>http://www.justanswer.com/tax/03xjn-gift-tax-vs-loan.html)</p>
<p>the IRS may pursuant to IRC Sec. 7872 recharacterize your loan as a “gift loan” or a “tax-avoidence loan” and consequently impute interest income to you and a concurrent gift of the interest income back…</p>
<p>i will sleep better at night, knowing that i did not ‘hide’ any money through this scheme.</p>