How do I report a debt settlement to the IRS?

Related FAQs

What if I can’t pay the full amount of a debt settlement?
Do I need to hire a lawyer to negotiate a debt settlement?
Should I be wary of any companies offering “instant” debt settlement?
Are there any drawbacks to settling a debt?
How quickly can I expect to see results from a debt settlement?
Can I negotiate a reduced settlement amount?
What is a deemed satisfaction and how does that apply to debt settlement?
What are the risks of choosing to settle a debt?
How do I know if debt settlement is right for me?
Are there any discounts available for debt settlement?

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