While there are numerous solutions to consider, credit card debt forgiveness, also known as... a 1099-C tax form. This means that you may have to pay taxes on the forgiven amount, which can...
Debt forgiveness can help you get rid of credit card debt — but you should know the price tag before enrolling.
Credit card debt forgiveness doesn't come without tax implications. Here's what to consider first.
Lenders report various types of debt cancellation and forgiveness on Form 1099-C, including those related to: foreclosure, repossession, the return of property to a lender, abandonment of...
Form 1099-C is used to report canceled debt, which is generally considered taxable income, to the IRS. Learn how canceled debt could impact your tax refund.
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What if my debt is forgiven? The tax impact of debt forgiveness or cancellation depends on your individual facts and circumstances.
CNBC Select details how debt forgiveness works, what kind of debt is taxable and how debt relief appears on your credit report.
Credit card debt forgiveness won't fix all your debt problems, but can be a good option for some consumers.
When creditors forgive debts of $600 or more, they issue IRS Form 1099-C to notify debtors and the IRS. This form is crucial because it indicates taxable income for debtors, unless specific exclusi...