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  2. Tax debt relief: How to resolve your debt with the IRS

    www.aol.com/finance/tax-debt-relief-resolve-debt...

    By paying your tax debt in full using a personal loan or credit card, you can stop the IRS from imposing penalties or interest or initiating collection actions like liens or levies.

  3. What is a 1099-C Cancellation of Debt form? - AOL

    www.aol.com/finance/1099-c-cancellation-debt...

    In most cases, you must report canceled debt as ordinary income on your federal tax return — even if the debt was less than $600 and you never received a Form 1099-C. List your canceled debt on ...

  4. Student Loan Forgiveness: 3 Ways the IRS Says Your ... - AOL

    www.aol.com/finance/student-loan-forgiveness-3...

    Here are three ways the IRS says your employer can help pay your debt tax-free: Use the educational Use the educational assistance program to pay the employee’s tuition and fees.

  5. Cancellation-of-debt income - Wikipedia

    en.wikipedia.org/wiki/Cancellation-of-debt_income

    If COD income is excluded from gross income, the taxpayer's tax attributes must be reduced, [33] which is done through IRS Form 982 (Reduction of Tax Attributes Due to Discharge of Indebtedness). A taxpayer's tax attributes are, and must be reduced in the following order: [34] Net operating loss (NOL) – Any NOL of the taxable year of the ...

  6. Tax amnesty - Wikipedia

    en.wikipedia.org/wiki/Tax_amnesty

    Tax amnesty allows taxpayers to voluntarily disclose and pay tax owing in exchange for avoiding tax evasion penalties. It is a limited-time opportunity for a specified group of taxpayers to pay a defined amount, in exchange for forgiveness of a tax liability (including interest, penalties, and criminal prosecution) relating to previous tax periods.

  7. IRS Volunteer Income Tax Assistance Program - Wikipedia

    en.wikipedia.org/wiki/IRS_Volunteer_Income_Tax...

    Schedule SE – Self Employment Tax; Form 2441 – Child Care Expenses; Form 8863 – Education Credits; Form 1040NR; Most State Tax Forms; Returns with K-1 Income, fiduciary pass-through's only; Form 8889 & HSA's; Schedule R; Schedule C – Business Expenses with: A net loss exceeding $10,000; Deductions for depreciation; Deductions for ...

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