Sentences with phrase «called cancellation of debt»

In a rare instance when a personal loan qualifies as income, the original balance you've paid back becomes what's called Cancellation of Debt income, which gets taxed.

Not exact matches

The Green Party calls for cancellation of Puerto Rico's debt and an end to the austerity policies that have been imposed.

Activists called for tuition - free public college, the cancellation of all student debt, a $ 15 minimum wage for all campus workers and a divestment from private prisons by all colleges and universities.

If your debt has been cancelled by the bank, you should receive a document called Form 1099C, Cancellation of Ddebt has been cancelled by the bank, you should receive a document called Form 1099C, Cancellation of DebtDebt.

This contained a series of provisions called «extenders» that included some expired tax breaks, including the provisions of the Debt Relief Act of 2007, which addressed both mortgage debt cancellation and allowed for the deduction of Private Mortgage Insurance (PMI) premiDebt Relief Act of 2007, which addressed both mortgage debt cancellation and allowed for the deduction of Private Mortgage Insurance (PMI) premidebt cancellation and allowed for the deduction of Private Mortgage Insurance (PMI) premiums.