The Hidden Tax Trap in Debt Relief—and How to Dodge It

The Hidden Tax Trap in Debt Relief—and How to Dodge It

You finally caught a break—your lender forgave part (or all) of your business debt. But now the IRS wants a piece of that too? That doesn’t seem fair. And yet… it’s real. If you’ve had any debt forgiven—whether a business loan, credit card, lease, or a COVID-era...