How To Deal With Tax Preparation: Difference between revisions

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Latest revision as of 16:59, 6 September 2026

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Unfortunately, no lender (including the SBA) is actually able to do such anything. Just like your employer is needed to send a W-2 to you every year, a lender is instructed to send 1099 forms for all borrowers in which have debt understood. That said, just because lenders are required to send 1099s does not mean that you personally automatically will get hit by using a huge tax bill. Why? In most cases, the borrower is really a transfer pricing corporate entity, and you just a personal guarantor.

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