1099-C surprise: Canceled debt often taxable as income
CreditCards.com interviews The Tax Institute's Alison Flores in an article explaining why every year more than 6 million taxpayers who have successfully resolved credit card debts must report some portion of the forgiven debt as income on their federal income tax returns.
CreditCards.com interviews The Tax Institute's Alison Flores in an article explaining why every year more than 6 million taxpayers who have successfully resolved credit card debts must report some portion of the forgiven debt as income on their federal income tax returns.
