Examples of Forgiven in a sentence
Net Proceeds (“as defined above”) and the Forgiven Ratio (“as defined above”) are not applicable when there is a non-compliance.
Forgiven, or discharged, indebtedness may be subject to being included as part of a borrower’s gross income for federal, and possibly state, income tax purposes.
The amount of the homebuyer subsidy shall be reduced by multiplying the homebuyer subsidy by the Forgiven Ratio (“defined below”) in order to determine the amount that will be forgiven.
The Principal Forgiven Financial Assistance Agreement is incorporated herein by this reference.
Until further guidance is issued, no penalty will apply for failure to file Form 1099-C, or provide statements to debtors, for amounts:• Discharged in nonlending transactions, or• Forgiven under the terms of a debt obligation.Multiple creditors.