The IRS Says This Is Taxable Income. Surprise!

The IRS Says This Is Taxable Income. Surprise!
Some IRS rules might take you by surprise. Billion Photos/Shutterstock
Rodd Mann
Updated:
0:00

The government canceled your student loan. A lawyer helped negotiate a lower balance on your debt obligation. You received a generous settlement at the conclusion of a lawsuit. You paid low insurance premiums through the Health Insurance Marketplace.

Good news, right? Maybe. Maybe not. Stay tuned. What was a pleasant surprise may come with an unpleasant surprise at tax time.

Rodd Mann
Rodd Mann
Author
Rodd Mann writes about carving out a creative and unique new career in a changing world. His own career has taken him all over the world, working in accounting, finance, materials, logistics and manufacturing operations. Author, teacher, writer, consultant, Rodd has worked in many high-tech roles.