Offshore Business - Pay Low Tax: Unterschied zwischen den Versionen
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Version vom 29. August 2026, 19:33 Uhr
Ask ten people a person's can discharge tax debts in bankruptcy and you get ten different the answers. The correct answer is always you can, but only if certain tests are adjoined.
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I've had clients ask me try to to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) is able to do such a thing. Just like your employer is important to send a W-2 to you every year, a lender is needed send 1099 forms to all or any borrowers in which have debt understood. That said, just because lenders will be required to send 1099s does not mean that you personally automatically will get hit along with a huge goverment tax bill. Why? In most cases, the borrower is really a transfer pricing corporate entity, and you are just a personal guarantor. I know that some lenders only send 1099s to the borrower. The impact of the 1099 relating to your personal situation will vary depending on what kind of entity the borrower is (C-Corp, S-Corp, LLC, etc). Most CPAs will have the option to explain how a 1099 would manifest itself.
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