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New congressional legislation has moved toward exempting forgiven debt from tax in other situations. The entire and Long lasting Disability (TPD) Discharge program, for instance, which cancels federal student loan personal debt Should the borrower simply cannot retain gainful employment because of a healthcare situation, didn't have an profits tax

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This proposed rule has been reviewed regarding the necessities in the Regulatory Overall flexibility Act (5 U.S.C. 601-612). The undersigned has determined and Qualified by signature on this document that this rule will likely not have an important economic influence on a considerable number of modest entities because this rulemaking motion won't i