Posts from ‘June, 2009’

I have a large amount of revolving debt. I'm current on my payments, but I have little left over to live on every month.
I'm expecting a big tax return. It won't be enough to pay off all of my debt. BUT, if I stop making payments for 2-3 months, save [...]

If you settle a debt with a creditor, then you will receive a form 1099C for the amount in which you "saved".
This will have to be reported when you file your income taxes as earned income.

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Recently, there was talk that the IRS was changing its rules so that debt relief experienced by persons who lost their homes to foreclosure would no longer be taxed. What's the status on this rule change?
Mortgage foreclosure is still considered to be taxable by the IRS.

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If you knew precisely how to do this what would you do, or how would you go about it, to insure that most Americans knew exactly how to accomplish this?
First reduce public debt, at the local, state and federal levels of government, while paying for essential government services.
Second, eliminate the public debt entirely, at all [...]

KSVP’s Mike Jaxson speaks with tax expert Michael Rozbruch from Tax Resolution Services (http://www.taxresolution.com/) to help listeners with tax problems. They discuss how new tax laws and IRS enforcement initiatives could affect you - and how innocent taxpayers who are deemed guilty till proven innocent can get tax help when they are caught in the [...]

Important information on how to settle your IRS debt. Resolve your back taxes and say goodbye to wage garnishment, bank levies, and IRS penalties! Tax relief expert Michael Rozbruch (http://www.taxresolution.com/) makes a guest appearance on This Week In Chaves County on KEND 106.5 FM (Roswell, NM) to talk about opportunities for recession burdened Americans to [...]

http://www.americantaxvideo.com/IRS_Debt_Relief_Help.php IRS Debt Relief Help information from American Tax Relief. We are a nationwide firm specializing only in helping people resolve their irs tax debt though various settlement methods. Please call 800-700-6948 for more information. irs tax debt relief help, irs tax levy, irs tax garnishment, offer in compromise, irs debt, tax debt
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http://www.creditsecretsbible.com
CREDIT COUNSELING and DEBT CONSOLIDATION: What you need to know before you sign up.
“(NPR News, May 15, 2006). The
Internal Revenue Service is revoking
the tax exempt status of some of the
largest credit counseling agencies in
the country. An IRS investigation
disclosed that the firms solicited
business from people seriously in debt
and that they didn’t provide counseling
or consumer education, [...]

http://www.americantaxvideo.com/Federal_Tax_Negotiator.php Federal Tax Negotiator information from American Tax Relief. We are a nationwide firm specializing only in helping people resolve their irs tax debt by becoming a Federal Tax Negotiator. Please call 800-700-6948 for more information. Federal Tax Negotiator, Federal Tax, taxes, tax, tax negotiation, tax help, accounting, late returns, preparation, IRS, penalty abatement, consulting, [...]

http://www.americantaxvideo.com/IRS_Debt_Settlement.php IRS Debt Settlement information from American Tax Relief. We are a nationwide firm specializing only in helping people resolve their irs debt though various settlement methods. Please call 800-700-6948 for more information. IRS Debt Settlement, tax settlement, irs tax help, back tax settlement, irs tax debt settlement help, IRS Debt, attorneys, tax problems, irs [...]