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IRS Publication 4681

About IRS Publication 4681

1099-c

What To Do With That 1099-C You Got In The Mail

Taxes / / ,

If you settled a credit card debt last year, by paying less than originally owed, the debt settlement company probably didn’t tell you this, but the IRS will: You likely owe taxes on the amount of debt that was forgiven. Anytime a bank, credit card issuer or financial company writes off $600 or more worth […]

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