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To: CFW
This is not the railroad's fault (just about the payment and the tax treatment, not the cause of the payment). !!

There is a detailed explanation somewhere in the 80 or 90,000 pages of the Internal Revenue Code; all you have to do is find it.

A better solution would have been to set up a GoFundMe account and have the railroad make the payments that way, because last I heard GoFundMe amounts are not taxable.

4 posted on 02/24/2024 7:15:01 AM PST by Bernard ("It ain't that there are too many fools, but that the lightning ain't distributed right.” Twain)
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To: Bernard

If the IRS can waive deadlines for tax payers in areas suffering a natural disaster, and the President can transfer student debt from the debtors to tax payers, then the government can waive taxes on the payments from the railroad.


9 posted on 02/24/2024 7:18:55 AM PST by CFW (I will not comply!)
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