Imgflip Logo Icon

Inception

Inception Meme | MY STUDENT LOAN WAS JUST FORGIVEN.. A LOAN THAT ISN'T PAID BACK, IS BY DEFINITION A FINANCIAL GAIN, I.E. INCOME. AREN'T YOU REQUIRED TO PAY TAXES ON INCOME? | image tagged in memes,inception | made w/ Imgflip meme maker
136 views • 9 upvotes • Made by Jafo 8 months ago in politics
memesinception
Inception memeCaption this Meme
2 Comments
Jafo
2 ups, 8mo
"In general, if your debt is canceled, forgiven, or discharged for less than the amount owed, the amount of the canceled debt is taxable. If taxable, you must report the canceled debt on your tax return for the year in which the cancellation occurred."

https://www.irs.gov/taxtopics/tc431
lokiare
0 ups, 8mo
It's not a loan by legal definition. It's a scam.
Inception memeCaption this Meme
Created with the Imgflip Meme Generator
IMAGE DESCRIPTION:
MY STUDENT LOAN WAS JUST FORGIVEN.. A LOAN THAT ISN'T PAID BACK, IS BY DEFINITION A FINANCIAL GAIN, I.E. INCOME. AREN'T YOU REQUIRED TO PAY TAXES ON INCOME?