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Is Forgiven Tax Debt TAXABLE? Is an Offer in Compromise TAXABLE? episode artwork

EPISODE · Feb 12, 2024 · 11 MIN

Is Forgiven Tax Debt TAXABLE? Is an Offer in Compromise TAXABLE?

from Tax Relief with Logan Allec, CPA · host Logan Allec

If the IRS forgives your tax debt, is that considered TAXABLE INCOME under the tax code, thereby giving rise to MORE TAX LIABILITY? Do you really have to pay MORE taxes if the IRS settles your tax debt for less than you owe through an offer in compromise? In this episode, I answer these questions, showing you what the IRS says about this issue...and why!Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/⬇️ Free E-Book:- 7 Secrets About Your Tax Debt the IRS Doesn't Want You to Know: https://choicetaxrelief.ac-page.com/s...

What this episode covers

If the IRS forgives your tax debt, is that considered TAXABLE INCOME under the tax code, thereby giving rise to MORE TAX LIABILITY? Do you really have to pay MORE taxes if the IRS settles your tax debt for less than you owe through an offer in compromise? In this episode, I answer these questions, showing you what the IRS says about this issue...and why! Do you have tax debt? Call us at 866-8000-TAX or fill out the form at https://choicetaxrelief.com/ ⬇️ Free E-Book: - 7 Secrets About Your ...

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Is Forgiven Tax Debt TAXABLE? Is an Offer in Compromise TAXABLE?

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Frequently Asked Questions

How long is this episode of Tax Relief with Logan Allec, CPA?

This episode is 11 minutes long.

When was this Tax Relief with Logan Allec, CPA episode published?

This episode was published on February 12, 2024.

What is this episode about?

If the IRS forgives your tax debt, is that considered TAXABLE INCOME under the tax code, thereby giving rise to MORE TAX LIABILITY? Do you really have to pay MORE taxes if the IRS settles your tax debt for less than you owe through an offer in...

Can I download this Tax Relief with Logan Allec, CPA episode?

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