Canceled debt

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From the Archives: Send a 1099-C to a Non-Paying Customer? Updated

By | September 6th, 2016|Categories: From the Archives|Tags: , , |

Can you send a 1099 to a deadbeat client? It's probably legal, but probably not a good idea.

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From the Archives: Insolvency and Canceled Debt: Make Sure You Can Prove It!

By | December 21st, 2015|Categories: From the Archives|Tags: , , |

Canceled debt is generally taxable, but not if you're insolvent.

Taxation of Credit Card Benefits

By | July 23rd, 2014|Categories: Potpourri of Tax Topics|Tags: , , |

Benefits received through a credit card program (such as unemployment benefits or reimbursement for auto repairs) may or may not be taxable, depending on the circumstances.

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Insolvency and Canceled Debt: Make Sure You Can Prove It!

By | October 24th, 2013|Categories: Potpourri of Tax Topics|Tags: |

If you're claiming your canceled debt isn't taxable due to insolvency, make sure you can prove it.