Tag: debt forgiveness
I Received a 1099-C, Now What?
If you have received a 1099-C, DON’T PAY THE ADDITIONAL TAX until you know your rights!
Is It Possible to Negotiate Student Loans?
Is it possible to negotiate student loans? It depends… There are basically two types of student loans:
Student Loan Forgiveness – Big Changes are Coming!
The total amount of all student loan debt is almost $1 TRILLION dollars! That’s an average of about $25,000 per loan or about 40 Million loans! With our economy in a recession for the last few years, many of these loans are in default.
What the Mortgage Forgiveness Debt Relief Act means for you
Mortgage Forgiveness Debt Relief Act In the past, homeowners using short sales or deeds in lieu of foreclosure were required to pay tax on the amount of their forgiven debt. However, the Mortgage Forgiveness Debt Relief Act of 2007 (H.R. 3648) changes this for certain loans. This Act, which has been extended through 2012, allows… Read more »
What is a 1099-C?
What is a 1099-C?