But there are ways around these problems, with a growing number of alternative lenders willing to accept the risky business of lending to bad credit borrowers. (badcreditloanservices.com)
On page 786 it mentions that there are three safe harbors under which organizations will be considered not to have a significant trade or business of lending money. (uscaonline.com)
The November 2004 IRS bulletin gives the final review of 6050P and explains the requirements for discharges of indebtedness by organizations that have a significant trade or business of lending money. (uscaonline.com)