{"id":707814,"date":"2010-04-02T14:29:25","date_gmt":"2010-04-02T18:29:25","guid":{"rendered":"tag:consumerist.com,2010:\/\/1.10004058"},"modified":"2010-04-02T14:31:28","modified_gmt":"2010-04-02T18:31:28","slug":"you-need-to-pay-taxes-on-forgiven-credit-card-debt","status":"publish","type":"post","link":"https:\/\/mereja.com\/index\/707814","title":{"rendered":"You Need To Pay Taxes On Forgiven Credit Card Debt"},"content":{"rendered":"<p><img data-recalc-dims=\"1\" decoding=\"async\" src=\"https:\/\/i0.wp.com\/consumerist.com\/assets_c\/2010\/04\/PAYDEMTAXES-thumb-165x138-38873.jpg?w=780\">         <\/p>\n<p>If you had some credit card debt canceled in 2009 the IRS might want a piece of it.<\/p>\n<p>Yes, if you have set up a debt settlement to close out an account for less than the remaining balance, you need to pay taxes on it. The lender should have sent you a 1099-C, but if they haven&#8217;t, be sure to call them up and ask for one.  <\/p>\n<p><a href=\"http:\/\/www.lowcards.com\/creditcardnews.asp\">Cancelled Credit Card Debt Could Be Taxable<\/a> [LowCards]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>If you had some credit card debt canceled in 2009 the IRS might want a piece of it. Yes, if you have set up a debt settlement to close out an account for less than the remaining balance, you need to pay taxes on it. The lender should have sent you a 1099-C, but if [&hellip;]<\/p>\n","protected":false},"author":3568,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[4821],"tags":[],"class_list":["post-707814","post","type-post","status-publish","format-standard","hentry","category-news"],"jetpack_featured_media_url":"","jetpack_shortlink":"https:\/\/wp.me\/p9NivD-2Y8m","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/707814","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/users\/3568"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/comments?post=707814"}],"version-history":[{"count":0,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/posts\/707814\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/media?parent=707814"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/categories?post=707814"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.com\/index\/wp-json\/wp\/v2\/tags?post=707814"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}