Discharge of Indebtedness Income? Really?
Posted on: February 18, 2012 | By: dunn_access | Civil Tax Controversies, Discharge of Indebtedness Income, Tax Planning
By Stephen J. Dunn By now many people have received a Form 1099-C, Cancellation of Debt, concerning discharge of indebtedness income allegedly realized by them in 2011. If you...
Avoiding Discharge of Indebtedness Income
Posted on: October 11, 2010 | By: dunn_access | Civil Tax Controversies, Discharge of Indebtedness Income
By Stephen J. Dunn Suppose you have negotiated settlements of your credit card debts. Or maybe you have executed a short sale of your house. You are concerned...