Do I Have To Pay Taxes on Debt Settlement? | LendingTree
The IRS views settled debt as income, meaning taxes are owed on the forgiven amount. Creditors will provide you with a 1099-C form ...

Do I Have to Pay Taxes on Debt Settlements? - Super Lawyers
Informing the IRS about a Debt Settlement through IRS Form 1099-C; Situations Where Taxes on Debt Settlements May Not Be Required; Contact Legal Experts for Assistance. For ...

Debt Settlements: Tax Implications of Forgiven Debts
There aren't specific taxes on a debt settlement, but if your savings exceed $600, this amount must be reported as income. Following the example above, ...