TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Student Loan Waived

December 07, 2011

 

Today TaxMama hears from James in the TaxQuips Forum with a disturbing problem. His fiancée got a bill from IRS for a student loan that was cancelled because she had excellent grades. Why is that taxable?



 

Dear James,

Sheesh. You would th