Thursday, November 6, 2008

IRS Ruling: Law School Loan Forgivness is Not Income

IRS Revenue Ruling 2008-34 provides that debt forgiven through law school loan forgiveness programs will not be income. For a historical perspective, see this informative link:
http://taxprof.typepad.com/taxprof_blog/2008/06/irs-blesses-law.html

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© 2008 Michael Hepner Hani Sarji The Personal Finance Lifeline Blog