Debt Settlement Taxes

Debt Settlement Taxes

Debt settlement is a popular alternative to filing bankruptcy.  It avoids the public embarrassment associated with filing bankruptcy and entanglement with the court system.  However, debt settlement can create tax problems if you receive tax form 1099-C: Cancellation...
Debt Settlement Program Not Working?

Debt Settlement Program Not Working?

A recent client asked the following question: “I am unable to make the payments on my credit card accounts due to my wife’s income dropping, and I am currently working with a debt relief company that negotiates with the credit card companies to reduce the amount I...