Happy day...I agree that the guidance is still yet being developed, but it appears that if the loans were federal and stayed federal, that the forgiveness amount won't be taxable.  If someone is worrying, I would smile politely and simply ask them if they would be happier paying $10k, or the tax on $10k.  Nod knowingly, pat their forearm and tell them that a lot of procedures have to be settled out and get back to enjoying life.