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Debt forgiveness

1099-C and Forgiveness of Debt: Another reason to be wary of debt settlement companies

I’ve previously warned against working with debt settlement companies on the basis that many of them are scams and just take advantage of people. However, here’s one more reason to be wary of debt settlement companies:  1099-C…. the tax document you receive signifying income when a debt is forgiven. If you negotiate a settlement so …

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