Many people fail to claim exemption from canceled credit card debt income - CreditCards.com
Frustrated by the complexity of the form and frustrated by debt, many people do not take advantage of their right to to cut taxes on forgiven debt
What Does Exempt Property Mean? Property that is protected and cannot be taken by your creditors to pay off a judgment for debt. Who May Claim an Exemption? You or your spouse, your children, or anyone else whom you give permission to, may claim an exemption on your behalf.
Why Your Charge-Off May Be Sent to the IRS
A creditor may send your charge-off to the IRS if the debt is canceled. You may have to pay taxes on it. Here's when this happens and what you can do.
VOLUME ONE - NUMBER FOUR
TRAVELIN' MAN I live on US Route 6, aka the Grand Army of the Republic Highway. Many of the places to which I go for business and personal errands in Pike and Wayne counties are on Route 6. I learned when I moved here that Route 6 runs the entire length of the State of Pennsylvania, beginning at the New York border in Matamoras and ending at the Ohio border in Meadville. And I also learned that Route 6 actually runs coast to coast, from Provincetown MA to Bishop CA, and at one time was the…
How your loved ones can cash in on the 0% tax rate on long-term capital gains
If your own income is too high to benefit, your children, grandchildren and other loved ones can still take advantage