You will receive a 1099-C Cancelation of Debt form if a lender forgives more than $600 of taxable debt. You must include the amount of canceled debt on your federal tax return as a part of your ...

If you thought your money woes ended last year when you settled that credit card debt, think again. For many consumers with debt problems, after the debt collector leaves their lives, the taxman ...

I'm trying to weigh my options. I have about $13,000 in old debt (about 5 years old), about $7,000 in current debt (credit cards), and now I'm being sued for $2,800. On top of that, I owe $1,700 in ...

This is the time of year when millions of Americans who negotiated settlements on credit card, mortgage, or auto loan debt in 2010 are starting to receive shocking tax letters in the mail. Oftentimes ...

Here's what you should know about the form 1099-C, Cancellation of Debt: A form 1099-C, Cancellation of Debt, is issued by a creditor when a debt is discharged for less than the full amount you owe ...

The Department of Education on Tuesday released a preview of the application form for federal student loan debt relief, a part of the Biden administration's effort to forgive student loan debt for ...