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Generally, the forgiveness of a loan is taxable income, but the IRS has determined that there is an exception to this rule when student loans are discharged under the “Closed School” discharge process, such as the case with the Corinthian College loans.
This is big: Tedeschi Trucks band with Los Lobos AND Gabe Dixon will light up the Kettlehouse Amphitheater this summer. We're talking the 12 PIECE lineup of the TTB!
This is big: Tedeschi Trucks band with Los Lobos AND Gabe Dixon will light up the Kettlehouse Amphitheater this summer. We're talking the 12 PIECE lineup of the TTB!
This is big: Tedeschi Trucks band with Los Lobos AND Gabe Dixon will light up the Kettlehouse Amphitheater this summer. We're talking the 12 PIECE lineup of the TTB!
Tampa Bay Rays' principal owner Stu Sternberg sued for alleged fraud scheme Evan Axelbank reports ST. PETERSBURG, Fla. - The Tampa Bay Rays have been winning games left and right. But now a lawsuit says principal owner Stu Sternberg isn't playing fair off the field. In seeing his shares grow from 49 to 85% since 2004, the suit - which is filed by five owners who own a combined 10% - says he was secretly paying himself while strategically withholding distributions, saddling the limited partners with massive tax obligations, pressuring some to sell shares, and transferring all the valuable asse...