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

Related FAQs

What is a “hardship program” and how can it help with debt settlement?
How does debt settlement impact my credit score?
How do I report a debt settlement to the IRS?
Can I settle a debt if I’m unemployed?
What fees will I pay if I use a debt settlement company?
What should I do if a creditor refuses to negotiate a debt settlement?
What is the process for appealing a denied debt settlement?
What if the creditor refuses to settle the debt?
Are there any alternatives to debt settlement?
Does debt settlement hurt my chances of obtaining new credit?

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