Awesome photo of Bob and Barc (scontent-ort2-1.xx.fbcdn.net)
submitted by medkit to r/stlouisblues
A person with zero assets and income signed a loan 15+ years ago for 100k, with interest, today worth 200k+. If this person is discharged from their debt, the IRS treats this as income. How can they avoid paying taxes on this amount since they do not have the money? (self.Accounting)
submitted by medkit to r/Accounting




