“IRS tax forgiveness” is a popular term, but it does not refer to a single tax relief program. Depending on your financial situation, the IRS may offer relief through an Offer In Compromise (OIC), ...

While debt forgiveness is typically taxable, there are some notable exceptions and exclusions. Student loan debt canceled through the federal Public Service Loan Forgiveness program is not taxable ...

The IRS Fresh Start program is often misunderstood as a stand-alone method of tax relief for taxpayers who owe back taxes. In reality, it refers to a series of changes to existing IRS relief options.

Tax relief phone call scams are common year-round, and criminals use them to get money and commit identity theft. There is an IRS tax debt compromise option, however, that could allow you to settle ...

We may receive commissions from some links to products on this page. Promotions are subject to availability and retailer terms. The goal of this approach is to negotiate with your creditors to pay a ...

Student loan borrowers who get their debt forgiven in 2026 can expect a hefty tax bill next year. But there are steps you can take now to prepare for the tab, financial advisors say. Meanwhile, those ...

Sen. Elizabeth Warren is calling on the IRS to prevent student-loan borrowers from facing a "tax bomb" on debt relief beginning next year.

The goal of this approach is to negotiate with your creditors to pay a fraction of what's owed. The account is then closed, and you move on with your financial life. And, for borrowers who are deep in ...