Cancellation of Debt Income from 1099-C: How To Get Out of It
When you get a 1099-C, you are getting credited with income for a debt that was canceled. First, we will go through the situations when this does not apply, then if you are still stuck with income from...
View ArticleTax Debt Forgiveness: Four Most Common Options and How They Work
One of the programs that the IRS offers to those who cannot pay their tax debt is through Tax Debt Forgiveness. Under this program, there are four different ways that the IRS can drop your tax...
View ArticleHow To Avoid Income Taxes on Canceled Credit Card Debt
Many consumers are not aware that you can get your credit card debt canceled at all. However, those who do may be in for a surprise when the IRS responds to this action by declaring your canceled...
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