Sentence examples for canceled debt from inspiring English sources
Some of that decline, of course, came from foreclosures that canceled debt and left lenders with big losses.
In the eyes of the I.R.S., a dollar of canceled debt is the same as a dollar of taxable income.
Wouldn't that force the partnerships — i.e., Mr. Trump — to report hundreds of millions of dollars of taxable income in the form of canceled debt?
The legal defense network estimated that if the rule were fully implemented, it would result in $250 million in canceled debt of tens of thousands of borrowers.
Best of all, it did not matter if the actual market value of the stock was considerably less than the $40 million in canceled debt.
Supporters of the agency say that it has returned nearly $12 billion to 27 million consumers in the form of refunds, canceled debt and other relief.
Under his leadership, the bureau extracted nearly $12 billion in refunds and canceled debts for 29 million consumers.
He said the partners might also be required to pay taxes on canceled debts of the firms, since that is generally treated as income.
On the first two issues, the Bush administration is within hailing distance of its allies, though Washington is reluctant to appropriate money to cover the canceled debts.
After the specified three or five years of paying under the court-approved plan, youll have canceled debts without the typical tax consequences.
That might include earnings from stocks and dividends, distributions from a pension, annuity, profit-sharing or stock bonus plan, canceled debts and certain real estate transactions.
