Sole Proprietor Cancellation of Debt. When a sole proprietor has a debt cancelled, ... (GAAP) and is also a requirement of the IRS when a sole proprietor prepares his individual tax return.

With over $50bn in outstanding tax debt owed to The Australian Tax Office, the government wants to make it much less ...

The Senate reconcilation bill omitted a provision that allows married borrowers to pay lower monthly payments on student ...

A team of economic experts convened by the Vatican has called for the forgiveness of debt owed by poor and middle-income ...

Don’t let your voice be weakened but use it with respect for others and for the values that have made America great in the past. Including our faith.

The venture capital arm of the Oakland-based health system participated in a $30 million series C funding round June 24 for Arine. The company plans to use the funding to expand into specialty ...

Unpaid tax debt can quietly drain your finances and your peace of mind. Here are the hidden costs to watch for.

There are common tax mistakes that could result in big fees and penalties, but they're usually avoidable with the right ...

An overview of interest deductibility rules, common types of business loans, and the risks associated with nontraditional ...