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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. Cancellation-of-debt income - Wikipedia

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

   Whether secured debt is recourse or nonrecourse can have significant consequences if the debt is settled in foreclosure of the secured property. [12] Generally, while the net gain or loss is the same regardless of the classification of the debt (it will always be the difference between the basis of the burdened property and the amount of the ...

4. Roth IRAs: What they are, how they work and how to open one - AOL

   www.aol.com/finance/what-is-a-roth-ira-123943445...

   A Roth IRA is an individual retirement account that uses after-tax dollars for your contributions. Because of that, you can’t deduct those contributions from your income taxes like you can with ...

5. What taxes are due on a Roth IRA conversion? - AOL

   www.aol.com/finance/taxes-due-roth-ira...

   You’ll owe income tax on the amount you convert from a traditional IRA or 401(k) to a Roth IRA, since you’ve never paid tax on that income. The amount you convert is added to your gross income ...

6. Debt settlement - Wikipedia

   en.wikipedia.org/wiki/Debt_settlement

   Also, some individual creditors, including Discover Card, for example, tend to resist negotiations aggressively. Tax consequences — Another common objection to debt settlement is that debtors whose debts are partially canceled outside the bankruptcy system will need to report the canceled portion of the debt as taxable income.

7. Roth IRA conversion: Here’s everything you need to know ...

   www.aol.com/finance/roth-ira-conversion...

   With a Roth IRA, you deposit after-tax money, can invest in a range of assets and withdraw the money tax-free after age 59 1/2. Tax-free withdrawals are the biggest perk, but the Roth IRA offers ...

8. Charitable remainder unitrust - Wikipedia

   en.wikipedia.org/wiki/Charitable_remainder_unitrust

   A charitable remainder unitrust (known as a "CRUT") is an irrevocable trust created under the authority of the United States Internal Revenue Code § 664 [1] ("Code"). This special, irrevocable trust has two primary characteristics: (1) Once established, the CRUT distributes a fixed percentage of the value of its assets (on an annual or more frequent basis) to a non-charitable beneficiary ...

9. The 7 Worst Things You Can Do If You Owe the IRS - AOL

   www.aol.com/7-worst-things-owe-irs-000014898.html

   You're in debt to Uncle Sam. This probably isn't a great feeling, but you have to face it. More: 5 Tax Blunders That Can Leave You BrokeFind Out: What To Do If You Owe Back Taxes to the IRS Maybe ...