Pursuing certain types of credit card debt relief could have a big impact on your taxes. Here's what you need to know.

The process of negotiating with the IRS to pay less on your tax debt can be tricky — but these strategies can help.

If your debt becomes unmanageable, you may benefit from working with a debt relief or debt settlement company. These firms reach out to lenders and collections agencies on your behalf and try to ...

How Clear Start Tax Resolved Conrad's IRS Debt IRVINE, CA / ACCESS Newswire / April 2, 2025 / Facing a mounting tax burden and an IRS wage garnishment, Conrad Mendosa turned to Clear Start Tax for ...

While debt settlement companies can negotiate with your creditors, though, most don't work with tax debt. Tax relief companies will sit down with the IRS or your state revenue department to reduce ...

so you may not know about the tax issue. If you used a debt settlement company to negotiate the balance, it should inform you that the forgiven amount will be considered taxable income.

Use your settlement money to pay off credit card and other debts first. Budget any remaining funds for savings, retirement or ...

Edward William Rennick III settled a Federal Trade Commission lawsuit in 2016. If he's convicted of wire fraud now, he could ...

late payment or underpaymentInterest that accrues on unpaid tax amounts Explore your tax debt relief options and speak to an expert now. The IRS collection process for tax debt Unlike other ...

See How Expert Guidance and the IRS Fresh Start Program Delivered a Life-Changing Tax Settlement IRVINE, CA / ACCESS Newswire / March 31, 2025 / ...

Often, that includes paying off debt, which can improve your credit ... but said that punitive damages and interest on settlements are taxable as income. Payments for emotional distress or ...