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- 07:04, 8 January 2026 MickieOReilly8 talk contribs created page Pay 2008 Taxes - Some Queries About How Of Going About Paying 2008 Taxes (Created page with "<br>Many small individuals start with a sole proprietorship avoid the costs of forming a corporation or LLC. This may be a wise decision as statistics show that most small businesses throw money away for the first several years.<br><br>In the above scenario, getting . saved $7,500, but the government considers it income. In case the amount is now over $600, then creditor is needed to send a form 1099-C. How might it be income? The irs considers "debt forgiveness" as inco...")