I was told that in the year I would have a credit consolidation that I should file a #982 form. This will do what for me? I have concerns about with the "forgivness of debt" becoming a taxiable income.
When the debt is cancelled, you will get a form 1099-C for the amount you aren't paying.
The [...]
Posts from ‘April, 2009’
If I go into a credit card relief program for a forgiveness of debt what will the tax form 982 do to help me?
USA taxpayer you are responsible for $531,000 in national debt as an individual, how are you going to pay it?
It will be higher if the stimulus passes. Do you realize what kind of tax rate we will have to pay to eliminate this debt?
Everyone complained about the deficit under Bush, but now under Obama it is going to triple. How's that for change?
And if you look at the "stimulus" bill there is nothing [...]
Owe IRS back taxes
Owe the IRS money. Atlas Tax Solutions can help.
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alberta-debt-consolidation
www.albertadebthelp.com we specialize is debt consolidation and debt reduction in Alberta. Whether you’re struggling with credit card debt, facing bankruptcy, bad credit, loan repayment, mortgage payments, income tax debt, or creditor harassment. If you live in or around Edmonton Alberta then let us begin to reduce your principal, eliminate interest and get your financial and [...]
Is there any way to negotiate with creditors?
I'm figuring I have around $4200 in debt and I want to use my tax return to pay most, if not all of it off. I didn't file my return last year, so all together I will have enough to pay it all off, but I'd like to have a little extra to set aside [...]
Has anyone ever had tax debt settled for pennies on the dollar?
It is sometimes possible to erase your tax debt at an enormouse discount with an offer in compromise. The IRS does not publicize this program for obvious reasons, as there have been cases to where somone has reduced their debt to around 5% (including debt and penalties.) In order to proceed with an [...]
If you chose a candidate based on tax relief, who do you think is going to pay the war debt?
Was this really a tax cut, or more of a delayed tax?
Are you kidding? No it was not a tax cut it was an increase. I don't care about that 300 dollar refund? What a joke? All taxes went sky high and mortgage interests went up. That was their way of putting money back into [...]
what about marijuana, should the govt. legalize it, sell it tax it to help eliminate all of our foreign debt?
No way, I think anything someone smokes that other people get an effect from the gov should ban it, including smoking cigs. I don't want my kids to be at a restaurant and get a contact buzz because it's legal, same as cigs, why should they have to breath it in?
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