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Can You Be Taxed For Forgiven Debt?
If you’ve received a surprise 1099-C tax form in the mail, you may be wondering if it’s taxable income for you. I want to explain. The 1099-Cs popping up in people’s mailboxes are really fallout from the financial crisis over … Continue reading
Posted in Debt collection, Finance, Taxes
Tagged 1099-c, business, cash out refi, chargeoff, credit card debt, credit cards, debt, debts, economy, foreclosure, forgiven debt, government, income tax, IRS, personal finances, politics, real-estate, taxes
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