AccountantsWorld Daily News Make A Loan, Don't Get Repaid: What Are The Tax Consequences?
(Forbes) - Hatcher v. Commissioner, a case out of the Tax Court: Itâs a story thatâs as old as time itself: boy meets girl; girl loans boy $450K to fund the creation of a golf-themed comic strip; boy laughs his way all the way to the car dealership; boy loses girl, but keeps the cash.
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