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ID #1018
What is the effect on my taxes?
Creditors may send you a 1099 for the amount you save through successfully negotiated settlements. Unless you qualify for an exemption, you may have to claim the savings as income. We cannot offer tax or legal advice. For tax advice, you should speak to a tax professional.
Tags: taxes, accounting
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Comment of TwHCmwbeTRfeygSw:
Last one to utlizie this is a rotten egg!
Added at: 2011-08-12 13:36
* Disclaimer - Not available in all states, individual results may vary and are dependent on successful completion of program and ability to save funds. ClearOne Advantage does not assume or pay any debt, nor does it provide legal advice or offer credit repair. Read and understand the contract terms before enrolling.
** Disclaimer - We do not charge upfront fees and you do NOT pay our fee until we arrange a settlement, you approve the settlement and at least one payment is made towards the settlement.