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

Related FAQs

When can I start making payments on my debt settlement?
What is the difference between debt negotiation and debt settlement?
What should I do if a creditor refuses to delete negative credit items as part of a debt settlement agreement?
Can I negotiate a debt settlement without a debt settlement company?
Is there a statute of limitations on debt settlement?
How do I know if I have been approved for a debt settlement?
Do I have to pay taxes on debt settled through negotiations?
Are there any legal requirements to debt settlement?
Are there any laws governing debt settlement?
How will I know if the debt settlement negotiations are successful?

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