TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Cancellation of Debt

September 09, 2009

Today TaxMama hears from Anna in Virginia who is upset. “I just received a letter from the IRS for my 2007 tax return saying I owe $1600 because of a cancellation of debt that I didn’t claim. I didn’t know that I was supposed to. I don’t have $16