Comments on: Ask the taxgirl: Cancellation of “Debt” http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/ Paying taxes is painful... but reading about them shouldn't be. Sat, 21 Nov 2009 20:16:58 -0500 http://wordpress.org/?v=2.8.6 hourly 1 By: Carol Fritz http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10528 Carol Fritz Mon, 01 Jun 2009 14:26:33 +0000 http://www.taxgirl.com/?p=3430#comment-10528 Here's a way to document family loans that are really loans: http://www.virginmoneyus.com/PersonalLoans/tabid/54/Default.aspx Here’s a way to document family loans that are really loans:
http://www.virginmoneyus.com/PersonalLoans/tabid/54/Default.aspx

]]> By: Kelly http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10526 Kelly Mon, 01 Jun 2009 14:22:34 +0000 http://www.taxgirl.com/?p=3430#comment-10526 That's what I thought. I'm lucky to have wonderful in-laws, but I know that isn't the case with everyone. Why poke the dragon? That’s what I thought. I’m lucky to have wonderful in-laws, but I know that isn’t the case with everyone. Why poke the dragon?

]]> By: garagefather http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10524 garagefather Mon, 01 Jun 2009 13:59:10 +0000 http://www.taxgirl.com/?p=3430#comment-10524 I have got to laugh at the ignorance of youth. It may be a little chauvinistic but when I read "dream wedding" all I could think of is how this girlfriend managed to get this kid to spend all his college money on a freaking wedding. My guess is that this girlfriend won't be having such a great relationship with this kid's mom. This kid will ultimately have to make a choice between his mom and his girlfriend. Not a good way to start a marriage. I have got to laugh at the ignorance of youth. It may be a little chauvinistic but when I read “dream wedding” all I could think of is how this girlfriend managed to get this kid to spend all his college money on a freaking wedding. My guess is that this girlfriend won’t be having such a great relationship with this kid’s mom. This kid will ultimately have to make a choice between his mom and his girlfriend. Not a good way to start a marriage.

]]> By: Ask the taxgirl: Cancellation of “Debt” | taxgirl « AddingInfo.com http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10519 Ask the taxgirl: Cancellation of “Debt” | taxgirl « AddingInfo.com Mon, 01 Jun 2009 05:20:19 +0000 http://www.taxgirl.com/?p=3430#comment-10519 [...] amount of money so that he could finish graduate school without having to take out any student. Read Full Post: Ask the taxgirl: Cancellation of “Debt” | taxgirl Adding Related Info:Most trip cancellation insurance won't cover swine flu fears - ABC 15 NewsTax [...] [...] amount of money so that he could finish graduate school without having to take out any student. Read Full Post: Ask the taxgirl: Cancellation of “Debt” | taxgirl Adding Related Info:Most trip cancellation insurance won’t cover swine flu fears – ABC 15 NewsTax [...]

]]> By: Ask the taxgirl: Cancellation of “Debt” | taxgirl « AddingInfo.com http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10518 Ask the taxgirl: Cancellation of “Debt” | taxgirl « AddingInfo.com Mon, 01 Jun 2009 05:20:19 +0000 http://www.taxgirl.com/?p=3430#comment-10518 [...] amount of money so that he could finish graduate school without having to take out any student. Read Full Post: Ask the taxgirl: Cancellation of “Debt” | taxgirl Adding Related Info:Most trip cancellation insurance won't cover swine flu fears - ABC 15 NewsTax [...] [...] amount of money so that he could finish graduate school without having to take out any student. Read Full Post: Ask the taxgirl: Cancellation of “Debt” | taxgirl Adding Related Info:Most trip cancellation insurance won’t cover swine flu fears – ABC 15 NewsTax [...]

]]> By: Kelly http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10516 Kelly Sun, 31 May 2009 17:15:26 +0000 http://www.taxgirl.com/?p=3430#comment-10516 I agree! I agree!

]]> By: Robert D Flach http://www.taxgirl.com/ask-the-taxgirl-cancellation-of-debt/comment-page-1/#comment-10515 Robert D Flach Sun, 31 May 2009 15:51:56 +0000 http://www.taxgirl.com/?p=3430#comment-10515 Kelly- It seems to me that this whole mucking fess would have been avoided if ,instead of just giving the money to her son, the mother paid the tuition and fees directly to the college, and would "reimburse" the son for books and other expenses upon seeing an actual receipt for the books. Just one of the reasons why having a cat is better than having kids! I do agree that there is no legitimate loan here - just a poorly thought out gift gone bad. RDF Kelly-

It seems to me that this whole mucking fess would have been avoided if ,instead of just giving the money to her son, the mother paid the tuition and fees directly to the college, and would “reimburse” the son for books and other expenses upon seeing an actual receipt for the books.

Just one of the reasons why having a cat is better than having kids!

I do agree that there is no legitimate loan here – just a poorly thought out gift gone bad.

RDF

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