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

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

   The IRS has a number of 1099 debt forgiveness exclusions — which means if your debt falls into an excepted or excluded category, you do not have to include it as ordinary income on your tax return.

3. 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 ...

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

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

   Tax debt relief is a way the government helps you when you can’t afford to pay your tax bill. This comes in the form of a payment plan or a settlement in which the IRS agrees to settle your tax ...

5. What is debt forgiveness? - AOL

   www.aol.com/finance/debt-forgiveness-202301471.html

   Tax debt forgiveness. Unpaid taxes can result in significant financial strain, but the Internal Revenue Service (IRS) provides several options for taxpayers facing financial hardship. One common ...

6. Public Service Loan Forgiveness - Wikipedia

   en.wikipedia.org/.../Public_Service_Loan_Forgiveness

   The Public Service Loan Forgiveness (PSLF) program is a United States government program that was created under the College Cost Reduction and Access Act of 2007 signed into law by President George W. Bush to provide indebted professionals a way out of their federal student loan debt burden by working full-time in public service.

7. Mortgage Forgiveness Debt Relief Act of 2007 - Wikipedia

   en.wikipedia.org/wiki/Mortgage_Forgiveness_Debt...

   The Bipartisan Budget Act of 2018 renewed it for all of the tax year 2017 and offered a wide range of individual and business tax benefits that had expired at the end of 2016, including the "exclusion from gross income of discharge of qualified principal residence indebtedness (often, foreclosure-related debt forgiveness), claimed on Form 982." [2]