Do I have to pay taxes on debt settled through negotiations?

Related FAQs

How do I report a debt settlement to the IRS?
Are there any drawbacks to settling a debt?
What is the best way to document a debt settlement?
When is it best to pursue debt settlement?
Is debt settlement better than bankruptcy?
Are there any alternatives to debt settlement?
How can I make a debt settlement offer more attractive to creditors?
Are there any legal requirements to debt settlement?
How do I know if a debt settlement company is legitimate?
What should I do if a creditor refuses to negotiate a debt settlement?

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