Have you heard of student loans, credit card companies or other lenders “forgiving” or “cancelling” debt consumers owe to them? Sounds great,...
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Will your debt cancellation be taxable?
Any debt that has been canceled can be considered taxable on your income tax return. You would normally receive a Form 1099-C, Cancellation of...
READ MORELending Money to Family Could Taxing
Lending money to family members probably dates back to the invention of money. Tax problems can arise when you first lend money, as you’re...
READ MOREOutstanding Student Loan Debt could affect your Social Security Benefits
Student loan debt, unlike other debt, is not easy to hide from. Filing for bankruptcy does not make it go away, and ignoring it definitely does...
READ MOREExpiring Tax Breaks And What That Means For You
There are many tax breaks that are expected to expire in 2013, unless Congress reauthorizes the provisions. If not, this would mean that most...
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