As one of the least understood documents ever created by the IRS, the 1099–C-Cancellation Form inevitably strikes a feeling of dread into the hearts of those who receive it. Why? Because this form is for those who were so deep in debt that even their creditors decided to give them a break and either reduce… Continue reading Should I Be Afraid of the IRS 1099–C Cancellation of Debt Form?
Month: August 2018
6 IRS Scams and Fraudulent Schemes
Fraudulent schemes have been around since the beginning of commerce. Many fraud cases involve complicated financial transactions conducted by ‘white-collar criminals’ who position themselves as legitimate business professionals, or the ludicrous promise of West African riches from a Nigerian prince. Other scams prey on our societal fear of authority, disguised as official correspondence from the… Continue reading 6 IRS Scams and Fraudulent Schemes
Top 5 Ways to Manage IRS Debt Effectively
Ok, so you have debt from the IRS. That tax debt is pretty hefty. On top of that, you have all the other bills that you need to pay. This is not fun, to be honest, and the question then becomes how can you manage your debt with the IRS and all of your other… Continue reading Top 5 Ways to Manage IRS Debt Effectively