Thank you

**very much** for your input!!

I have some subsequent questions as my knowledge in these matters is very very low and I apologize for the same. I request you to kindly provide your response to the questions below. I will follow your valuable suggestion and will contact a local attorney on fraudulent transfer matters.

Let me correct: I have given little bit more than $20,000 to my wife each year (earlier, I just rounded and said it is $20,000) and the total loan to my wife is little more than $100,000. Additional information: I and my wife have been filing joint tax returns since we married. My son is included as dependent in our joint tax returns until the tax returns for the year 2017. After that he is not, because he is above 24 years or so.

(1). Do I need to collect any interest from my wife for the loans I have given her in all these years? Or if I simply collect back that $100,000+, will it be enough for IRS tax purposes? I saw that a husband and wife shall be treated as 1 person (under (f)(7)). Whether the loan between me and my wife is ignored, under IRC 7872, i.e., for imputed interest purpose?

(2). Do I need to mention anything about the loans I have given to my wife (between 2015-2019), in my 2020 tax returns or anywhere else, to the government (if she fully paid back this 100,000+ loan to me in 2020)?

(3). Is there any difference on collecting the loan amount (or interest) back from my son for the loans given to him during the years 2015-2017 (the years in which he is listed as depended in our joint tax returns) from collecting the loan amount (or interest) for the years 2018 and 2019 (during which he is not listed as dependent in joint tax returns).

(4). For my son, you mentioned “You don't have to collect the interest, at least for tax purposes. But you may have imputed interest to include on your tax return.” Thanks for that. However, I have no problem collecting the interest from my son for all these loans, and he is happy to pay it, and I will pay tax on that loan to make this loan matter clear. But I have a question on imputed interest. Let us assume that my son took $14,000 in April of 2018 and for which the imputed interest rates are here in this document:

https://www.irs.gov/pub/irs-drop/rr-18-09.pdf . Based on this document, how much (imputed) interest rate he has to pay to me if he pays annually? 3.04, 3.35, 3.65, or 3.97% ?(or something else)? It is not clear to me from that document.

(5). If, for example (let us assume), the (imputed annual) interest rate (for April 2018) is 3.04% then does he/we need to calculate 3.04% interest on $14,000 starting from April 2018 until December 31, 2018 then add that interest to $14,000 then that total amount (let us say $14,100+) will be used as the principal starting from January 1, 2019 (i.e., for the year 2019) and the same 3.04 interest will be applied for the whole year 2019 on that $14,100+, then add that interest to that $14,000+ at the end of 2019 then use that as the principal for 2020, and so on until he pays back to me now in 2020. Is this the correct method of doing?

(6). You said “Reporting the interest on your return appropriately is likely enough for the IRS. Whether that will be enough for a court, though, is another matter as I discussed before.” If my son really pays the interest as explained above then will this make me much stronger, not necessarily in terms of clearing IRS taxes but, mainly, in terms of I facing possible fraudulent transfer matters?

(7). You said “Probably not, but without the details of this, including what those other legal issues are, I cannot say for sure.” The other legal issues means the possible fraudulent transfer claims explained earlier (this is the only legal issue).