3 Areas Of Taxes For Online Business: Difference between revisions
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Revision as of 09:10, 22 September 2026
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I've had clients ask me try to to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) features to boost to do such a product. Just like your employer is needed to send a W-2 to you every year, a lender is needs to send 1099 forms each borrowers who've debt pardoned. That said, just because lenders are required to send 1099s doesn't mean that you personally automatically will get hit having a huge tax bill.
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