Tax Consequences of John Oliver’s $15M Medical Debt Forgiveness (2016)(proskauertaxtalks.com)

Tax Consequences of John Oliver’s $15M Medical Debt Forgiveness (2016)

https://www.proskauertaxtalks.com/2016/06/last-week-tonight-debt-forgiveness/

4 comments

In contrast to the famed Oprah car give away that actually left the recipients with a noticeable tax burden. [0]

[0] https://jalopnik.com/that-time-oprah-gave-276-people-free-ca...

brutal_chaos_5년 전

What a wonderful use of a Non-Profit organization. I was a little worried people were going to be raked over the coals based on the title, but they weren't!

adamredwoods5년 전

> And the IRS has ruled a number of times that when a charity acts out of detached disinterested generosity in making payments to victims or other members of a charitable class, the payments are nontaxable gifts.

kpatrick5년 전

My understanding was all the debt was beyond the statue of limitations anyway.