Legacy Tax & Resolution Services

IRS Debt Cancellation Form

IRS Debt Cancellation Form   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 […]

Cancellation of Debt Tax

Cancellation of  Debt Tax   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 […]

Forgiveness of Debt Income

Forgiveness of  Debt Income   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 […]

IRS Debt Cancellation

IRS Debt Cancellation   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 in […]

Debt Cancellation Income

Debt Cancellation Income   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 in […]

Cancellation of Debt

Cancellation of Debt   Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 in […]

1099-C | Forgiveness of Debt

1099-C   |   Forgiveness of Debt Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 […]

1099-C Debt Relief Act

1099-C Debt Relief Act Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of $42,000 in […]

Cancellation of Debt – Form 1099-C

Cancellation of Debt – Form 1099-C Americans are in debt; however, the debt is on a steady increase, specifically over the last five years.  The average American carries $38,000 in personal debt, this does not include home mortgages.  That is up $1,000 from a year ago. The Millennials, ages 25-34, are carrying an average of […]

How Much Do I Owe in Taxes

How Much Do I Owe in Taxes There are many Americans who spend sleepless nights wondering what their balance due with the IRS could be.  Has it gone up or down in the past year? What penalties do I have? Should I worry about the fact that I haven’t opened that recent notice? Taxes are […]