Are Tax Benefits Available If The Student Repays His/Her Loan By Performing Community Service Rather Than Making Cash Payments?
There may be. Loan forgiveness provided in return for community service is taxfree when it is part of certain lending programs run by the Federal, state, or local government, educational institutions, or charitable organizations. Students should consult a tax advisor to determine whether they qualify.
Do You Owe Back Taxes?
Do not take on the IRS alone. Experienced tax lawyers in our directory know how to protect your rights and your financial security.
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