\
  The most prestigious law school admissions discussion board in the world.
BackRefresh Options Favorite

student loan lifehack: never pay student loans, flee to new zealand

...
dead dashing old irish cottage
  02/17/18
...
Histrionic Gay Candlestick Maker Travel Guidebook
  02/17/18
this is dumb. i know some dumb fag that did this only to ger...
slap-happy ultramarine indian lodge
  02/17/18
Was the debt to the IRS less than his original debt?
dead dashing old irish cottage
  02/17/18
Yes, it's counted as income and they tax you on the income. ...
Vibrant Swollen Church Building
  02/17/18
You're only liable for forgiveness of indebtedness income if...
Vibrant Swollen Church Building
  02/17/18


Poast new message in this thread



Reply Favorite

Date: February 17th, 2018 5:49 AM
Author: dead dashing old irish cottage



(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35423337)



Reply Favorite

Date: February 17th, 2018 6:02 AM
Author: Histrionic Gay Candlestick Maker Travel Guidebook



(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35423347)



Reply Favorite

Date: February 17th, 2018 7:47 AM
Author: slap-happy ultramarine indian lodge

this is dumb. i know some dumb fag that did this only to germany

his creditors (claimed student debt but graduated UT in 1993 so this would seem unlikely) filed IRS debt forgiveness forms so he ended up in debt to the IRS. Which they will chase you all around the world for.

(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35423461)



Reply Favorite

Date: February 17th, 2018 12:37 PM
Author: dead dashing old irish cottage

Was the debt to the IRS less than his original debt?

(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35424717)



Reply Favorite

Date: February 17th, 2018 12:42 PM
Author: Vibrant Swollen Church Building

Yes, it's counted as income and they tax you on the income. So would take a lot of interest to make the tax debt bigger. But see below re whether it's income.

(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35424747)



Reply Favorite

Date: February 17th, 2018 12:41 PM
Author: Vibrant Swollen Church Building

You're only liable for forgiveness of indebtedness income if you're solvent at the time of forgiveness. If you're insolvent it's not income, up to the amount of your insolvency.

(http://www.autoadmit.com/thread.php?thread_id=3895672&forum_id=2#35424733)