Get Out of Debt – What Strategy Makes the Most Sense?
Help!!!! I am on information overload. Can you look at my financial circumstances and tell me exactly what debt reduction strategy will make the most sense for me? Sound familiar? You are not alone. Thousands of people ask this question every day and set out on the Internet looking for the answer. Unfortunately instead of honest and unbiased advice they typically encounter salesmen that...
Read MoreDebt Negotiation – Applying the Insolvency Rule to a 1099-C Tax Liability
If I enroll into a Debt Negotiation program to settle my debts with my creditors, will I have to pay tax to the IRS? This is a daily question I am asked during my consultations with consumers. The answer is that it depends on your situation. Before I review a few situations to illustrate when you may or may not be required to pay a tax on forgiven debt, let me make it very clear that I am NOT...
Read MoreWhy are There 1000’s of Debt Settlement Companies All of the Sudden?
I couldn’t make this stuff up if I tried. Now more than ever it is crucial that you are very cautious about who you are seeking help and advice from. The financial problem is an epidemic and it is going to get much worse before it gets better. Remember back 5 years ago when it seemed like everyone was in Real Estate in some form or another? Now it seems that yesterdays real estate...
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