How Go For Your Canadian Tax Software Packages: Difference between revisions
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Revision as of 15:28, 27 September 2026
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Unfortunately, no lender (including the SBA) features to boost to do such one thing. Just like your employer is needed to send a W-2 to you every year, a lender is instructed to send 1099 forms to all or any borrowers who have debt forgiven. That said, just because lenders needed to send 1099s does not imply that you personally automatically will get hit along with a huge government tax bill. Why? In most cases, the borrower is really a corporate entity, and you just a personal guarantor.
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