Read the full-text online article and more details about "IRS to Adopt Controversial Rules on Reporting of Debt Forgiveness" by Henry, Shannon - American Banker, Vol. 160, Issue 104, June 1, 1995By HenryShannonThe Iron and Steel Institute of Japan (ISIJ)...
Read the full-text online article and more details about "Banks Fighting IRS Debt Discharge Rule: Forgiveness of $600 Would Have to Be Reported, Collection Forfeited" by Henry, Shannon - American Banker, Vol. 159, Issue 57, March 24, 1994
Tax debt forgiveness is incredible news for many people who have fallen into financial hardship. Better yet, the IRS usually freezes penalties and interest once your tax settlement is approved. As a result, you can avoid wage garnishments. Once approved, your tax liability will decrease almost i...
Fairshare Cases: Loan Forgiveness-Income; Life Insurance-Modifiable; Medical Trust; Stepparent Custody; Prenuptial-Independent Counsel; Accrued Pension Ben... The article presents a list of questions on U.S. fairshare law that are answered in the periodical, which includes questions on topics such...
As a result of the IRS reactivating a privatetax debtcollection program, the National Taxpayer Advocate released a report stating that taxpayers assigned to the program are entered into installment programs that they cannot afford. They also report that the program costs the U.S. Treasury more mon...
Internal Revenue Service (IRS) private letter ruling on the technique known as sale with debt forgiveness. The IRS private letter ruling 200603002 suggests that the agency will view such a strategy, such as when a parent "sells" his home to a child and later "forgives" the debt, as a p...
Banks mostly happy with IRS rules on debt forgiveness. (new Internal Revenue Service rules on debt discharges)(Brief Article)de Senerpont Domis, Olaf
IRS Issues Guidance for Taxpayers Electing To Defer Debt Forgiveness Income Under 2009 Stimulus LegislationC. Baird Brown