Search results
What Is IRS Form 1099-C: Cancellation of Debt?
SmartAsset via Yahoo Finance· 2 years agoIf you have debt that is canceled by a lender, you may receive IRS Form 1099-C. Although you are no longer liable to repay the debt, you can't simply...
What is debt forgiveness?
Bankrate via Yahoo Finance· 1 year agoMaskot/Getty Images Having debt can feel overwhelming. If it seems like you won’t be able to continue to make your debt payments, then you may want to...
6 states could potentially charge borrowers income tax on their forgiven student loan debt
Fortune via Yahoo Finance· 2 years agoMost borrowers eligible for President Joe Biden’s student loan forgiveness plan will receive the...
Tax debt relief: How to resolve your debt with the IRS
Bankrate via AOL· 1 month agoKey takeaways From due date extensions to settlements, the IRS offers several tax debt relief...
You Could Owe the IRS Taxes If Your Forgiven Debt Settlement Was $600 or More
GOBankingRates via Yahoo Finance· 8 months agoHaving large amounts of debt canceled is welcome news for most consumers because it frees up more...
Fact check: Student loan forgiveness won’t be taxed by federal government, though states may
USA TODAY via Yahoo News· 2 years agoThe claim: Student loan forgiveness counts as federal taxable income In late August, President Joe...
4 details you might have missed from Biden's student debt forgiveness announcement
INSIDER via Yahoo News· 2 years agoPresident Joe BidenDrew Angerer/Getty Images The details of Biden's student-debt relief announcement...
The IRS is not expanding its workforce because of Joe Biden’s student loan forgiveness
Austin American-Statesman via Yahoo News· 2 years agoViral Facebook Post: The IRS is hiring 87,000 new agents to police people who will owe more federal...
The IRS Says Taxable Income is Most of What You Make
Penny Hoarder via AOL· 2 years agoThe IRS’ rules are long and sometimes tough to understand when it comes to taxable income. We break down commonly taxed income streams and even a few...
Everything to know about financial insolvency
Bankrate via Yahoo Finance· 1 month agoKey takeaways According to the IRS, insolvency occurs when your total liabilities exceed your total assets. Insolvency is divided into two categories:...