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Updated over 8 years ago on . Most recent reply presented by

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John Miranda
  • Fall RIver, MA
2
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7
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Promissory Notes Int Rates

John Miranda
  • Fall RIver, MA
Posted

I have not been able to find out any info online on how to correctly charge interest on a business loan if it is paid back within a year can I charge it based on the days it was borrowed? Or does the IRS require it be charged based on the quarter or year? 

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