Thursday, January 31, 2019

Thursday, January 24, 2019

Form 1099-C and How to Avoid Taxes on Canceled Debt

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Did you know that the Internal Revenue Service considers forgiven debt a source of income, and have to pay taxes on that “income.” And if you’ve ever settled a debt for less or had debt forgiven entirely, you probably got a surprise in the mail come tax season: the dreaded Form 1099-C. Form 1099-C is the form you file to report debt-related income.



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Wednesday, January 23, 2019

Tuesday, January 22, 2019

Thursday, January 17, 2019

Equifax made me look like a deadbeat debtor, Byram woman says in lawsuit

Equifax, in duplicating two delinquent bills on a credit report, is making a Byram woman look like a deadbeat debtor, a lawsuit filed Thursday against the credit reporting giant says.

This July 21, 2012, photo shows Equifax Inc., offices in Atlanta. Credit monitoring company Equifax says a breach exposed social security numbers and other data from about 143 million Americans. The Atlanta-based company said Thursday, Sept. 7, 2017, that "criminals" exploited a U.S. website application to access files between mid-May and July of this year. (AP Photo/Mike Stewart)



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