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

Related FAQs

What is a deemed satisfaction and how does that apply to debt settlement?
Are there any laws governing debt settlement?
Are there any costs associated with a successful debt settlement?
What is a lump-sum debt settlement and how does it work?
What is debt settlement law?
Is there a statute of limitations on debt settlement?
What should I do if I can’t agree on a settlement amount?
Are there any risks associated with using a debt settlement firm?
Can I negotiate a debt settlement on my own?
Is debt settlement a good way to reduce debt?

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