2021

Seeking Forgiveness Of Debt? 3 Steps To Avoid A Tax Bill

Do you expect to have a portion of your debt forgiven by the lender? Debt relief through this means can be a valuable financial tool and can remove a burden from you. But it can also bring tax consequences that you need to be aware of. How can you ensure you get the relief you deserve while avoiding any tax surprises? Here are three key steps to take.  1. Research Taxability Before Accepting