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1099-C Forms and Forgiven Debt – It Isn’t Always Taxable

by Bill Houston | Jun 26, 2016 | Uncategorized

The 1099-C form is often a surprise when received in the mail.  There are a number of situations which may result in a taxpayer receiving a 1099-C in the mail.  For instance, You negotiate with your credit card company and they reduce your debt from $6000 to $2000....

You Can’t Rely on IRS Instructions According to IRS

by Bill Houston | Jun 1, 2016 | Bizarre Tax Facts

A few months ago, I read an article about a tax lawyer that argued his own case before the Tax Court and lost.  He lost because he relied on an IRS publication as a basis for his tax argument.  The judge reportedly laughed and said that the lawyer should know better...

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