Are there any tax implications of debt settlement?

Related FAQs

What happens if a debt settlement is not completed on time?
How do I know if I have been approved for a debt settlement?
What will happen to my credit score after a successful debt settlement?
Can I negotiate a reduced settlement amount?
Is debt settlement reported to credit bureaus?
How long will it take to settle a debt?
How do I report a debt settlement to the IRS?
What if I can’t pay the full amount of a debt settlement?
Are there any drawbacks to settling a debt?
Are there any tax implications of debt settlement?

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