Difference between revisions of "Offshore Business - Pay Low Tax"

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Revision as of 06:44, 22 October 2024

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After 26 years when there is any balance left unpaid, then the debt is forgiven. However, this unpaid balance is considered as taxable income according to the Internal Revenue Service. What's interesting is always that the loan is forgiven after different times depending exactly what sector one enters into the work force.

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