Home
Public Forum
Credit Reports
Apply For Cards
Credit Directory
Credit Overview
Credit Problems
Credit News
International
Credit Glossary
Purchase Books
Credit Laws
Business Credit
Merchant Accts
   

charge off- impact on taxes?


[ Follow Ups ] [ Post Followup ] [ Credit Forum Index ]

Posted by anon (167.83.101.23) on June 04, 2004 at 02:55:40:

I'm in the process of working with a debt reduction lawyer (not consolidation). This is resulting in charge-offs for most of my debt with various companies. I've been told that the amounts that are charged off will be reported to the IRS, and that they may count as income for my taxes. Anybody got any experience with this? Just want to know what to expect. Can't find anything on the web. Thanks!


Follow Ups:



Post a Followup

Name:
E-Mail:

Subject:

Comments:

Optional Link URL:
Link Title:


[ Follow Ups ]   [ Post Followup ]   [ Credit Forum Index ]

 

    Top Of Page

  

Copyright 1999-2004 Enkephalos Web Design