schlep.rock
Junior Member
State of Oregon.
I'm trying to figure out why loans are being used as income on a state form for Food Stamps. Either loans are income or there must be a something enabling the state to claim student loans as income.
I am fairly certain no one is required to report Visa balances and the amount borrowed for a car on their yearly tax returns. Is this a statutory thing stating that it is income for this particular purpose. If not, does it not violate GAAP? How is this possible?
Thank you for your consideration
I'm trying to figure out why loans are being used as income on a state form for Food Stamps. Either loans are income or there must be a something enabling the state to claim student loans as income.
I am fairly certain no one is required to report Visa balances and the amount borrowed for a car on their yearly tax returns. Is this a statutory thing stating that it is income for this particular purpose. If not, does it not violate GAAP? How is this possible?
Thank you for your consideration