Tax

Grieving mother ordered to pay $14,000 in taxes on the student loans that were written off after son’s suicide: Loans Forgiven by the Government are Considered Taxable Income by the IRS

Russell Friend,  22, committed suicide shortly before graduating from college His mother Regina  had accumulated $55,400 in loans and interest to help him pay for  school Those loans  were forgiven by the government but IRS considers that ‘gift’ taxable income… Read More ›