Thread: Tax time
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Old 02-25-2013, 01:46 PM
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Duck Butter Duck Butter is offline
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Quote:
Originally Posted by simplepeddler View Post
any "forgiven" debt is taxable.
There is a corporate trend to forgive blue collar theft. The courts usually give a person probation, then they pay the company back 7 bucks a month for eternity.............BUT if you let it go, do not file charges, can prove they stole (usually get a confession for no charges) THEN you turn them over to the IRS..........yep stolen money is taxable.
Yep, I learned that the hard way. Goes for credit card debt, student loans, etc.
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