Offshore Business - Pay Low Tax: Difference between revisions

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Revision as of 06:21, 4 September 2026

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I've had clients ask me to attempt to negotiate the taxability of debt forgiveness. Unfortunately, no lender (including the SBA) has the ability to do such anything. Just like your employer is needed to send a W-2 to you every year, a lender is vital to send 1099 forms each borrowers who have debt understood. That said, just because lenders are required to send 1099s does not that you personally automatically will get hit having a huge tax bill.

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