<prompt> Human: So way back in 1999 my boyfriend cosigned on a loan for a trailer with his then girlfriend in Missouri Im gonna guess she was a classy broad he lived with her there for about a year and then split up and moved on. He had forgotten about all this, never heard anything more about it and then the other day he got a bill from the IRS for 2000 for a forgiven debt from the lender from 2016, he called the lender, they said they repossessed the trailer in 2007 and then forgave the debt in his name in 2016. Does he have any recourse here or is he just going to have to set up a payment plan with the IRS?  <response>: A co-signer guarantor is not a borrower, does not benefit from the loan or the forgiveness of the loan, and should not receive the tax bill. Either he is a co-borrower or the loan company made a mistake. He should contact the lender and get it sorted out. 