3 ms·
Did they ever figure out of the beneficiaries of this plan were going to have tax problems? When the idea was originally floated 6-12 months ago I remember that
by harryh 13y ago
Did they ever figure out of the beneficiaries of this plan were going to have tax problems? When the idea was originally floated 6-12 months ago I remember that being a potentially large problem.
- saraid216 13y agoTheir lawyers said it wouldn't be an issue, IIRC. I don't know the details.
- byoung2 13y agohttp://www.irs.gov/publications/p4681/index.html#en_US_2013_publink1000192015 http://www.irs.gov/publications/p4681/index.html#en_US_2013_... In most cases, you do not have income from canceled debt if the debt is canceled as a gift, bequest, devise, or inheritance.