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April 5, 2012 03:31 pm PDT

Cancelled student loan debt creates tax nightmare

When Kim Thompson was diagnosed with a tumor that resulted in "the removal of most of her small intestine, a pulmonary embolism, and 12-hour-a-day IV feeding sessions" she had to quit her job and go on total disability. Her $91,000 student loan was forgiven, but the IRS hit her up with a $26,000 tax bill. [...]


Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/bpn8Q_zL_hk/cancelled-student-loan-debt-cr.html

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