Mortgage Company Sent Me a 1099-C. Do I Owe Tax On This? – Derek

“Dear Steve, Last year I was hounded by my mortgage company to refinance my home. I had not been late on any payments. I was OK with my payments, not in any type of financial bind etc. I finally relented and listened. They offered to reduce my interest, but the rate wasn’t worth the charges. … Read more

What Happens When a Collection Agency Issues You a 1099? – Charlotte

“Dear Steve, First of all, FANTASTIC WEBSITE! What happens when you are issued a 1099 from a collection agency? I’m worried come tax time we will owe a lot of money to the IRS. Help! Charlotte” Dear Charlotte, The only reason you would be issued a 1099 would be if your debt was written off … Read more

My Husband is Going to 1099 Me. We Are Getting Divorced. – Suki

“Dear Steve, Hi Steve, I helped my husband run his business, he paid me each month, and for the first time in our marriage, he said he will 1099 me at the end of the year. I unfortunatly have gotten myself in heavy debt, 32 thousand in only credit cards that are in my name … Read more

Advertisements About Eliminating IRS Debt Not Honest

Attorney General Abbott Charges JK Harris With Misrepresenting Its Ability To Reduce Unpaid Tax Debts South Carolina firm’s advertisements overstated, misrepresented its tax resolution services AUSTIN – Texas Attorney General Greg Abbott today charged JK Harris & Company, LLC, its owners and two related firms with materially misrepresenting their ability to help Texans resolve their … Read more

Don’t Pay Your Taxes With a Credit Card

It’s getting towards that time of the year again when tax bills will come due and many will hope for a big refund to save them from financial disaster. If you owe the IRS, one of the payment options is to use your credit card to pay the bill. But the IRS is special. They … Read more