I get WHY loan forgiveness is seen as taxable income (to prevent a loophole to evade the gift tax by simply loaning and forgiving) but it's still fucking stupid, because obviously a person who is genuinely having their debt written off for INABILITY TO PAY... CAN'T PAY TAXES ON IT EITHER.
I get WHY loan forgiveness is seen as taxable income (to prevent a loophole to evade the gift tax by simply loaning and forgiving) but it's still fucking stupid, because obviously a person who is genuinely having their debt written off for INABILITY TO PAY... CAN'T PAY TAXES ON IT EITHER.
Bet you can't opt out of this either huh? Welp, looks like I'm screwed come april.
I'm just going to ignore it. What are they gonna do, AUDIT me?
...
Some diversity hire agent is gonna shoot your dog