How do I report a debt settlement to the IRS?

Related FAQs

What is the difference between debt settlement and debt management?
Does debt settlement hurt my chances of obtaining new credit?
Is there a statute of limitations on debt settlement?
What if I can’t pay the full amount of a debt settlement?
Are there any tax consequences to debt settlement?
How can I make a debt settlement offer more attractive to creditors?
What will happen to my credit score after a successful debt settlement?
How can I learn more about debt settlement laws in my state?
Do I have to pay taxes on debt settled through negotiations?
What is the process for appealing a denied debt settlement?

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