Golden Tankard


Joined: 08/29/2011 Posts: 9406
Likes: 7238

As I am sure you know when loaned money is forgiven by the a lender the IRS

considers the amount forgiven to be income for which you must pay federal and state income taxes in the year the loan is forgiven.

(In response to this post by Bristol 32)

Posted: 11/20/2020 at 08:45AM


Insert a Link

Enter the title of the link here:

Enter the full web address of the link here -- include the "http://" part:

Current Thread:
  I suspect no one cares what you suspect. Except a few -- fuquaypirate 11/20/2020 08:32AM
  I wouldn't place that order yet . . -- MidloHokie 11/20/2020 07:53AM
  Then you brought them up to be conservative. ** -- Rolling OX 11/20/2020 08:40AM
  Fake News ** -- Pour Won 11/20/2020 09:32AM

Support BYB: Shop at Amazon!