Monthly Archives: January 2015

I filed a bankruptcy and received a discharge and one of my creditors sent me a 1099-C. Do I need to report my discharged debts as taxable income on my taxes?

Probably not. I am not an accountant or a CPA or a tax attorney. However, my understanding is that you do not need to report your discharged debts as taxable income. Often times a creditor who decides to write off … Continue reading

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