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Tag: Debt

Got Cancelled Debt, How Much is Income?

Posted on May 4, 2021May 4, 2021 by Lewis

I hope you have managed to stay safe and well! We focus on resolving tax issues in Prince William County and throughout the lower Northern Virginia area. The IRS recently disagreed with a Tax Court case on the insolvency exclusion and pensions. Under the Internal Revenue Code, taxpayers whose liabilities are greater than the value Read more about Got Cancelled Debt, How Much is Income?[…]

Posted in TAX, Tax LawTagged Debt, Taxable Income, Taxes

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