Tax Debt Solutions What To Do When You Owe Back Taxes

Tax Debt Solutions What To Do When You Owe Back Taxes

2nd Edition. Revised and Updated.

If you had a short sale, foreclosure, loan modification or other type of debt reduction, you may owe income tax on the amount of debt that was forgiven. If you receive a 1099-C, you must report it correctly to avoid or reduce your tax liability.

When you owe back taxes, you need to take immediate action! Waiting will only make your tax problems worse. Find out how you can handle your tax problems yourself, without paying for the servic

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