Taxes

Debt Forgiveness: It's Taxable Income

Chris asks when you get issued a 1099-C for cancelled debt, do you still owe the debt?

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How Much Should I Withhold for Taxes?

Brandon wants to know if it's better to withhold the maximum from his paycheck and get a big refund or withhold less.

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How Does Debt Owed to the IRS Fit into the Debt Snowball?

Jared owes the IRS $6,000 and is paying them monthly. Should he add a personal loan to this debt or continue the debt snowball until the IRS debt makes it to the top of the list?

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How Long Do I Need to Keep Tax Documents?

Robert asks how long to keep tax documents.

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