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Daily Archives: March 11, 2023

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How to Eliminate Taxes on Debt Forgiveness [Expert’s Answer]

accountingBy Jarod SpiewakMarch 11, 2023

If you’ve recently received debt forgiveness, you may feel relieved that you will no longer have to worry about monthly payments. However, you’re not out of the woods just yet.  Borrowers who have debts forgiven must still pay income taxes on them. However, there are a few exceptions. Depending on the situation, those who qualify…

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