Friday, May 4, 2012

IRS

I read an article in the Army Times last week that really brought out the reasons that people so dislike the IRS.   This article was about the IRS seeking loan taxes from a family of a dead marine.  This marine paid the ultimate sacrifice for defending this country and the IRS goes after his mother and father regarding taxes on an education loan that the bank had forgiven.  The IRS considered this forgiveness as income and demanded to be paid for the taxes ($1000).  Hopefully with the help of Rep. Scott DesJarlais, R-Tenn. who represents the families hometown we can ensure that this situation doesn't happen to other military families.  The Andrew P. Carpenter Tax Act, would exempt loan forgiveness as taxable income of anyone who dies while on active duty as a result of a service-connected injury or illness.  It would be retroactive to Oct 7, 2001, so that it would cover all the deaths since the start of combat operations in Afghanistan.  I guess it isn't bad enough that this marine was married with a child on the way and he never got the opportunity to see that child.  We have to compound the suffering of his family by demanding money for something that was forgiven by the lending institution.  Just makes you wonder doesn't it.

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