Settling a debt, does the IRS tax you on the total amount settled or individually?
Does the IRS charge tax on each settlement over 600 but not on anything under 600 or on a cumulative amount of all the debt you settle in a year?
Does the IRS charge tax on each settlement over 600 but not on anything under 600 or on a cumulative amount of all the debt you settle in a year?
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Posted November 27th, 2009 in Debt Settlement. Tagged: charge tax, irs.
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