How Is The Debt Cancellation Tax (Forgiveness Tax) Avoided
Cancelled debt is considered taxable income and can be avoided with the redemption of lawful money.
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Does Debt Removal Secrets Work For Business Debts (LLC, Corporation, Etc.)
The FDCPA applies only to the collection of debt incurred by a consumer primarily for personal, family, or household purposes. It does not apply to the collection of corporate debt or debt owed for business or agricultural purposes. Despite this ...
Quit Claim Deed into Trust and Tax Implications
What Is a Quit Claim Deed A quit claim deed is a type of deed that transfers ownership of real property from one person to another without any types of warranties. This means that if you receive property via a quit claim deed, you're taking it as it ...
Can Back Taxes or Taxes Owed Be Removed with Debt Removal Secrets
No, back taxes are related to taxable events (typically from the use of private credit) and therefore will always be due. These are not debts created from thin air, which is why Debt Removal Secrets works so well - these are debts created due to a ...
What States Tax Vehicles and Can These Taxable Events Be Avoided
Yes, unfortunately a vehicle property tax must be paid because it is based on the vehicle’s assessed value if it were considered Clean Retail Value (CRV) according to the NADA Blue Book Value Guide. Therefore, even if the vehicle was purchased for ...
Can Tickets, Fines, Tolls, Child Support, Alimony or Assessed Tax Debts Be Discharged
Even a bankruptcy will not discharge many tickets, tolls, fines, child support, alimony payments, and assessed tax debts. These are considered non-dischargeable debts, meaning they must be repaid. Though it depends on what the tickets or fine was ...