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2. What is a 1099-C Cancellation of Debt form? - AOL

   www.aol.com/finance/1099-c-cancellation-debt...

   If you have more than $600 of taxable debt forgiven, you’ll receive a 1099-C Cancellation of Debt form from the lender. This form is a tax document that the lender is required to file. It will ...

3. Cancellation-of-debt income - Wikipedia

   en.wikipedia.org/wiki/Cancellation-of-debt_income

   t. e. Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as cancellation-of-debt (COD) income. According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. [1] There are exceptions to this rule, however, so a careful examination of one's ...

4. Public Service Loan Forgiveness - Wikipedia

   en.wikipedia.org/.../Public_Service_Loan_Forgiveness

   The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service. [ 1]

5. Higher Education Relief Opportunities For Students Act

   en.wikipedia.org/wiki/Higher_Education_Relief...

   The Higher Education Relief Opportunities For Students (HEROES) Act ( Pub. L. 108–76 (text) (PDF)) was legislation passed unanimously by the United States Congress and signed into law by President George W. Bush on January 16, 2002. It was extended and amended in 2003, extended in 2005, and made permanent in 2007.

6. Reasons You Can or Can’t Be Taxed on Student Loan Forgiveness

   www.aol.com/reasons-t-taxed-student-loan...

   While you might receive Form 1099-C (Cancellation of Debt) from your lender, you’ll need to report the information even if you don’t. However, you could still avoid paying federal taxes in ...

7. Student Loan Forgiveness: 3 Ways the IRS Says Your ... - AOL

   www.aol.com/finance/student-loan-forgiveness-3...

   Providing $5,250 a year in student loan relief – or about $437 a month – would be welcome news to borrowers struggling to pay down their debt. About 48 million borrowers have student loan debt ...

8. Will I Have to Pay Taxes on Canceled Debt? - AOL

   www.aol.com/owe-taxes-canceled-debt-140023399.html

   Also, if the debt is forgiven as part of modifying a loan on a primary residence, the lender may not send a 1099-C. Reporting Canceled Debt Even if a taxpayer doesn’t get a 1099-C, it is ...

9. Federal Direct Student Loan Program - Wikipedia

   en.wikipedia.org/wiki/Federal_Direct_Student...

   According to the latest loan debt statistics, student loan debt has become the second highest consumer debt category behind mortgage debt. [15] The government combats this large outstanding balance with student loan forgiveness which come in several forms, the two most popular being Public Service Loan Forgiveness and Teacher Loan Forgiveness ...