I read something on the web saying, "The loan must be legal and enforceable. Otherwise, it may be deemed a gift.", "If you don’t charge interest, the IRS can say the amount of interest you should have charged was a gift based on current tax rules", also "If the loan is interest-free or below the market interest rate, the IRS might consider the forgone i...".
Then should I file the gift tax form this year or should I wait until the IRS then I file form an amend gift tax form?
