How do I report a debt settlement to the IRS?

Related FAQs

What is a debt settlement plan and how does it work?
Are there any drawbacks to settling a debt?
How much should I expect to pay for a debt settlement service?
Is there a minimum debt amount to qualify for debt settlement?
Can I negotiate debt settlement with multiple creditors at once?
Can I negotiate a debt settlement on my own?
How quickly can I expect to see results from a debt settlement?
How can I monitor my progress during a debt settlement process?
What are the potential consequences of a failed debt settlement?
What should I do if I can’t agree on a settlement amount?

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