This site uses cookies to store information on your computer. Some are essential to make our site work; others help us improve the user experience. By using the site, you consent to the placement of these cookies. Read our privacy policy to learn more.


Tax relief for federal student loan forgiveness Logo aicpa

  John W. McKinley, CPA, CGMA, J.D., LL.M., and E... |   Free |   AICPA |   01 Aug 2016 |   Journal of Accountancy

Recent Internal Revenue Service guidance permits qualifying taxpayers to exclude from their income some student loans that have been discharged under the "closed-school discharge process" or the "defense-to-repayment discharge process," as explained in this article.

Topics covered:
  • Tax: Technical: Individual income taxation , Intermediate