Are there any tax implications of debt settlement?

Related FAQs

How do I report a debt settlement to the IRS?
How much money can I save by settling a debt?
What are the potential consequences of a failed debt settlement?
Are there any potential risks if I choose not to settle my debts?
Should I be wary of any companies offering “instant” debt settlement?
What is the average time frame for debt settlement negotiations?
What is an unsecured debt and how does it impact debt settlement?
Are there any alternatives to debt settlement?
Is debt settlement reported to credit bureaus?
Do I need to hire a lawyer to negotiate a debt settlement?

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