Do I have to pay taxes on debt settled through negotiations?
Related FAQs
How do I report a debt settlement to the IRS?How does a creditor determine if a debt should be settled?
Can I settle a debt if I’m unemployed?
Is it possible to settle a debt for less than the amount owed?
What should I do if I can’t agree on a settlement amount?
What is a lump-sum debt settlement and how does it work?
How quickly can I expect to see results from a debt settlement?
Can I negotiate debt settlement with multiple creditors at once?
Are there any legal risks associated with debt settlement?
Who should I contact to settle my debt?
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