Debt Tax Tips

Recent Articles

Home Foreclosure: What's Your Tax Liability?
Through 2025, exceptions to federal tax laws allow some homeowners to escape additional tax liability when going through foreclosure. Read more…

Filing Taxes After Filing for Bankruptcy
Filing an income tax return after filing for bankruptcy does not have to be a problem, as long as you know what to watch out for, including when and how to file. Read more…

When to Use Tax Form 1099-C for Cancellation of Debt
In most situations, if you receive a Form 1099-C from a lender after negotiating a debt cancellation with them, you'll have to report the amount on that form to the Internal Revenue Service as taxable income. Certain exceptions do apply. Read more…

Taxes and Reducing Debt
By allowing deductions for certain kinds of interest, Congress is happy to help subsidize your debt. Be sure to accept these invitations to save yourself money. Read more…

How to Report a Foreclosed Rental House on Your Taxes
The IRS requires you to report the gain or loss on a foreclosure on your tax return. Read more…