Mary N. asked:


I have been offered a personal loan from a company that communicates to me from Toronto Canada, however, they say their home office is in New Hampshire. I can’t find a listing for them in the states anywhere. First, they told me I had to pay for an insurance policy in case I defaulted. Now they are saying that I have to pay for an International Border tax. Does anyone know if that is legal or legitimate? Thank you.

Shane

ecemajor asked:


We had two personal loans this year totaling around $8,000 with interst of about 800. Is this tax deductible?

Vincent