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

Related FAQs

Is debt settlement better than bankruptcy?
Should I use a debt settlement company or negotiate directly with my creditors?
How do I find out the balance of my debt?
What happens to the debt that’s been settled?
Can I settle a debt if I’m unemployed?
Can creditors refuse to negotiate a debt settlement?
How do I report a debt settlement to the IRS?
How do I make sure I receive a fair settlement from my creditors?
What is the difference between debt settlement and debt consolidation?
Does debt settlement hurt my chances of obtaining new credit?

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