That's OK, because when a loan is forgiven, that money that was received quits being money owed and becomes income in the eyes of the IRS. They will be coming for their "cut" and they don't play...
That's OK, because when a loan is forgiven, that money that was received quits being money owed and becomes income in the eyes of the IRS. They will be coming for their "cut" and they don't play...
This is generally supposed to be more like the civil service agreements, you pay for X years and if you make your payments it's forgiven, up to a certain amount.
If those get taxed, then these will too.
This is generally supposed to be more like the civil service agreements, you pay for X years and if you make your payments it's forgiven, up to a certain amount.
If those get taxed, then these will too.
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