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Technical

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

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