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Is canceled debt income to the debtor?

  • David Greene
  • Comments Off on Is canceled debt income to the debtor?

When a taxpayer is unable to pay all of a debt and the creditor cancels the unpaid part, the amount of the canceled debt is generally treated as income to the taxpayer under federal tax law.

Aggressive Tax Collection Takes Toll on Advocate

  • David Greene
  • Comments Off on Aggressive Tax Collection Takes Toll on Advocate

The government office created to help protect the rights of U.S. taxpayers and advocate on their behalf has been unable to keep up with IRS collection efforts, report finds ———————————- Faced with an historic deficit, the federal government has taken…

American Tax Relief Scam

  • David Greene
  • Comments Off on American Tax Relief Scam

I have several clients who have been scammed by the group calling itself AMerican Tax Relief.  Finally the FBI is looking into their operations.  Read about it here: http://tinyurl.com/33czwdx

What is a Special Needs Trust?

  • David Greene
  • Comments Off on What is a Special Needs Trust?

It is a trust that is used to protect the assets of a Special Needs person, such as one who has been severely injured and receives a large settlement for his injuries.

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