Some instances warrant the exclusion of forgiven debt from your return, including monetary gifts and some qualified student ...

Ezra Dyckman and Charles S. Nelson, partners at Roberts & Holland explain the tax implications of a cancelled debt.

Debt cancellation can happen when a creditor stops trying to collect ... There are many IRS exceptions for taxing canceled debt, like debt forgiven as part of an inheritance or gift, farm loan, or ...

Debt cancellation can happen when a creditor stops ... like debt forgiven as part of an inheritance or gift, farm loan, or real estate business deal. But the ones that apply to most people with ...