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Revision as of 15:05, 25 July 2026
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Debt forgiveness, you see, is treated as taxable income. Why? In the nutshell, if you want to gives cash and you will not pay it back, it's taxable. That you have pay out taxes on wages after a job. Part of the reason that debt forgiveness is taxable is really because otherwise, it would create a large loophole in tax program. In theory, your boss could "lend" serious cash every 2 weeks, probably the end of 2010 they could forgive it and none of fascinating taxable.
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