Tip - Tax Consequences When a Creditor Writes Off or Settles a Debt | Nolo.com

Published 9 years, 5 month(s) ago | Submitted by William Guillem

The IRS may count a debt written off or settled by your creditor astaxable income.

For further reading: http://www.nolo.com/legal-encyclopedia/tax-consequences-settled-forgiven-debt-29792.html

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Posted: 9 years, 5 month(s) ago

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