Tree, I have been hearing that the IRS test for insolvency to avoid paying taxes on forgiven debt is really tricky.
But, when I go to the IRS website, it says to merely list assets and liabilities and send it in with your return.
What is your take on this?
But, when I go to the IRS website, it says to merely list assets and liabilities and send it in with your return.
What is your take on this?
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