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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...

   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 ...

3. 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 ...

4. Tax Relief: How It Works and Ways To Resolve Your Tax Debt

   www.aol.com/finally-rid-back-taxes-120115254.html

   If your tax debt is so large that you can’t pay it off in 180 days, you’ll have to apply for a long-term installment plan. The fee to apply for an installment plan online is $31.

5. Offer in compromise - Wikipedia

   en.wikipedia.org/wiki/Offer_in_compromise

   The Offer in Compromise (OIC) program, in the United States, is an Internal Revenue Service (IRS) program under 26 U.S.C. § 7122, which allows qualified individuals with an unpaid tax debt to negotiate a settled amount that is less than the total owed to clear the debt. A taxpayer uses the checklist in the Form 656, OIC package to determine if ...

6. 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.

7. Cancellation-of-debt income - Wikipedia

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

   Taxpayers in the United States may have tax consequences when debt is cancelled. This is commonly known as cancellation-of-debt (COD) income.According to the Internal Revenue Code, the discharge of indebtedness must be included in a taxpayer's gross income. [1]