How do I report a debt settlement to the IRS?

Related FAQs

Is debt settlement better than bankruptcy?
Can I be sued while in the process of settling a debt?
Can creditors refuse to negotiate a debt settlement?
Are there any drawbacks to settling a debt?
Should I use a debt settlement company or negotiate directly with my creditors?
How does debt settlement impact my credit score?
Is there any way to expedite the debt settlement process?
How do I find out the balance of my debt?
Who should I contact to settle my debt?
Are there any alternatives to debt settlement?

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