Once your debt is settled, your creditor should send you a Form 1099-C, Cancellation of Debt, and report it to the IRS before tax season begins. The form shows detailed information like the date ...

As long as the total of your liabilities exceeds the value of your assets when your debt is canceled, you may claim the ...

These profits are subject to the capital gains tax. — 1099-C reports $600 or more in debt that a financial institution or lender canceled or forgave. Canceled debt is often taxable.

These 10 taxable items can impact your finances by lifting your tax bill. They include investments, Social Security benefits, and retirement plan distributions.

You might receive this document if you have freelance work, investment income, retirement distributions or other financial ...

VICTORIA — The New Democrats continued their reckless approach to the management of B.C. finances on Tuesday, with a budget and fiscal plan that proposes to push the provincial debt to $209 ...

Calculating a region's net-zero carbon debt involves comparing historical and projected CO 2 emissions in a region to its fair share of the remaining carbon budget for staying below 1.5°C.

In a letter to congressional finance leaders, the AICPA listed increasing the threshold to $10,000 as one of its priorities.

This fact check originally appeared on PolitiFact. After the Department of Government Efficiency gained access to student ...