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Tag Archives: Canceled Debt
Canceled Debt
The cancellation of debt, meaning any debt you are personally responsible for, can be taxable to you. Around the office, we call this “phantom income” or “ghost income” because it is not actually money that you received, but the IRS … Continue reading
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Tagged Attorney, Canceled Debt, Law Office of Camron Hoorfar, Lawyer, Lees Summit, LOCH, Tax, Tax tips, We Can Help
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