To: IncPen
All of this talk about student loan forgiveness is amusing. I hate to mention that the IRS will consider the âÂÂForgive Loan Amountâ as taxable income that will be needed to be reported on your income tax. Congratulations, you now have tax due on your âÂÂforgiven loan amountâ due on April 15ish. And I bet the amount due will incur penalties because you did not submit quarterly withholding. Also The IRS does not have a since of humor about money owed them. Say what you will about the IRS but they are amazingly good at collecting money. And all that is due has to be paid when due or else interest and penalties accrue unbelievably fast. It's my first post, I could not resist replying.
To: Sam Otto Long
Good first post.
Welcome to FR.
26 posted on
04/06/2022 6:10:48 PM PDT by
IncPen
("Inside of every progressive is a Totalitarian screaming to get out" ~ David Horowitz )
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