You will receive a 1099-C Cancelation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

A ‘tax bomb’ is set to detonate on New Year’s Day. The blast could throw the finances of millions of student loan borrowers ...

Compare tax relief providers that match your needs. Find Tax Experts Reduce your tax burden now Tax debt is more common than you may think. Millions of taxpayers likely have some form of IRS tax debt, ...

Could decades of careful student loan payments end with a surprise bill from the IRS? For millions of federal borrowers on ...

When you're struggling with growing credit card debt, finding relief can feel like a weight has been lifted off your shoulders. Whether through negotiated settlements, forgiveness programs or ...

Question: My wife and I filed for bankruptcy protection last year to get out from under an overwhelming amount of credit card debt. Will we have pay taxes on any forgiveness or cancellation of the ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. There can be a hefty amount of stress that comes with owing money to the ...

IRVINE, CALIFORNIA / ACCESS Newswire / April 14, 2025 / With tax season in full swing, terms like "debt forgiveness" and "IRS settlement" are everywhere, especially in ads promising to erase tax debt ...

Millions of Americans burdened by student debt have various options for loan forgiveness, cancellation or discharge. These programs, tailored for specific employment sectors, income-driven repayment ...