Student loan forgiveness is taxable again: Start planning for the 'tax bomb,' CFP says
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3 months ago
MSNKate Dore,CFP®,EA
Replying to @mikemartinez23 People ask me all the time about tax forgiveness — and the truth is, yes, there are ways the IRS may reduce or even eliminate tax debt in certain situations. But it’s not magic, it’s not guaranteed, and it’s definitely not something most companies can “make happen” just because you pay them. The most well-known option is an Offer in Compromise, but that’s only one of several IRS resolution options — and you either qualify or you don’t. No company can change that. If y
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