Insolvency Rules 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 […] Read more »