Old Debt Settlements Can Come Back to Haunt with Large Tax Bite

Q. I settled a debt in 2007 for less than owed, paying $15,000 on a $22,000 debt ... you for being so singled out)! Most of the time if you settle your debt with credit card companies ... as a result of cancellation of debt. The amount of forgiven debt will count as income. According to the IRS [more...]

Date: 2008-12-01 14:54:03

Blog posts (3) | Videos (2)
 

Article about: December 5 roundup

December 5 roundup » by Walter Olson You are cordially invited to a fishing expedition for lawsuits over energy drink/alcohol mixes ... ? Fair compromise? Both? Neither? Settle It Now, scroll 19-year-old Ciara Sauro of Pittsburgh is disabled, in medical debt, and waiting for transplant, crowning touch is the $8,000 default judgment RIAA [more...]

Date: 2008-12-05 05:08:53

Repeat Offender

Direct Answers - Column for the week of July 8, 2002 I am a 26-year-old escort, in the business on and off since I was 14 ... , and I don’t believe he would ever abuse me. We want to settle down and even have kids. The problem ... , you should have huge savings and be living well. But you are in debt, using money to buy moments [more...]

Date: 2009-01-14 09:33:02

3 Results