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Late Returns - Anyone have filed your tax returns late, can you still treat the tax debt? Yes, but only after two years have passed since you filed the return with the IRS. This requirement often is where people come across problems when attempting to discharge their bills. While Can not tell you the specific impact that SBA debt forgiveness will have on you, the idea of my article is really just to spot that loan forgiveness does potentially have tax consequences that a borrower look and bokep into so that they can cause the most informed decision workable.