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legion legion is offline
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Join Date: Sep 2004
Location: State of Failure
Posts: 32,246
Well, you won't see the money.

You can "gift" them the money. Send them (and the IRS) a 1099 that says you are relieving them of the debt. They now owe taxes on the "gift".
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Old 11-04-2009, 04:04 PM
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