))
Is Forgiven Tax Debt TAXABLE? Is an Offer in Compromise TAXABLE?
Manage episode 400824932 series 3408626
Content provided by Logan Allec. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Logan Allec or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://player.fm/legal.
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...
137 episodes
Share
