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| Great news for all taxpayers! It's time to save more dollars! |
| Published: April 18, 2008, 8:30 am |
| Tags: Business, 1099 1040a 1040ez 1040 Ez 1099 1040 Tax Forms, Efile, Federal State Income Tax Return Form, Federal Tax Form, Free Electronic Tax Filing, Free Online Income Tax Software Filing, Free Tax Filing, Free Tax Software, Irs E File, Online Irs Tax Form, Online Ir |
| you could even cut back some taxes and get a refund for it. More Here: free tax software Tags: free tax filing, online tax software, free tax software, irs e-file, efile, free online income tax software filing, online irs tax form, federal state income tax return form, online irs tax return forms, free electronic tax filing, federal tax form, |
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| How to ruin a good debt settlement offer |
| Published: June 11, 2008, 3:13 pm |
| Tags: Articles Resources, Agreement, Bad Advice, Cancellation Of Debt, Ceo, Clause, Collections, Creditor, Debt, Debt Negotiation And Settlement, Debt Settlement, Debtor, Debts, Disputes, Dodgy, Exact Language, Fancy Footwork, Fix, Form 1099, Income, Income Tax Return, Income Taxes |
| with the aim of avoiding income taxes on the cancelled debt. A little background first. When a creditor forgives or cancels a debt, and the portion forgiven is $600 or greater, the creditor is required to report that to the IRS on Form 1099-C, Cancellation of Debt. This amount must be claimed as ordinary income by the debtor on their income |
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