Cancellation of Debt
Date: Tue, 05/04/2010 - 19:53
I got a letter from the IRS (2008 Taxes) that Pinnacle Credit sent them saying Cancellation of Debt. When I payed off the amount with NAFS. Any Advice of what to do?
Have you paid in full or settled? If you have settled for les
Have you paid in full or settled?
If you have settled for less, the forgiven amount would become taxable income for you.
