Name: How To Avoid Income Taxes on Canceled Credit Card Debt
Uploaded: 2021-04-02T21:30:55+00:00
Channel: Robert Kayvon, Esq.
Description: If you had to cancel debt on a credit card, the IRS will consider the forgiven debt to be income, unless you take these steps.

Credit_Card_Debt_Cancel_Tax — How 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 […]

2 Apr, 2021 in Cancellation of Debt / IRS Debt tagged back taxes / credit card / IRS / tax debt / tax relief by Robert Kayvon, Esq. (updated 364 days ago)

tax debt forgiveness — Tax Debt Forgiveness: Four Most Common Options and How They ...
One of the programs that the IRS offers to those who cannot pay their tax debt is through […]

1 Mar, 2019 in Cancellation of Debt / Currently Not Collectible / IRS Debt / Offer In Compromise / Tax Guide tagged IRS / not-collectible / offer in compromise / penalty abatement / spousal filing / tax debt / tax resolution by Pete (updated 1248 days ago)

IRS building — Cancellation of Debt Income from 1099-C: How To Get Out ...
When you get a 1099-C (Booklet|Form), you are credited with income for a debt that was canceled. First, […]

7 Sep, 2016 in Cancellation of Debt / IRS Debt / Tax Guide tagged 1099-C / debt / forms / IRS by Robert Kayvon, Esq. (updated 387 days ago)

How To Avoid Income Taxes on Canceled Credit Card Debt

Tax Debt Forgiveness: Four Most Common Options and How They ...

Cancellation of Debt Income from 1099-C: How To Get Out ...