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Video – Debt Cancellation

by David Tzimenakis August 22nd, 2021
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One of the few financial benefits which our staff at US Global Tax, have seen an increase in during the pandemic, is debt cancellation. Whilst this has mainly been for businesses in the form of rent relief, it does occur commonly on an individual level also.

But, what are the tax implications from a US perspective?

Learn more in our brief video below:

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