Dealing With Tax Problems: Easy As Pie: Difference between revisions
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Latest revision as of 07:33, 4 September 2026
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Why? From a nutshell, you have to be gives you money and people pay it back, it's taxable. Like you have to pay taxes on wages from a job. Component of the reason that debt forgiveness is taxable is really because otherwise, end up being create a huge loophole on the inside tax program. In theory, your boss could "lend" cash every 2 weeks, as well as the end of the season they could forgive it and none of it'll be taxable.
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