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If you're insolvent it's a simple form on the IRS

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Morningstar

Morningstar

Joined: 17 Apr 2007
Morningstar's page
Posts: 576



11 Magic Points

 
Posted on Wed Jan 30, 2008 12:18 am  

There is always bankruptcy.
_________________
I don't dream since I quit sleeping
MCasper



Joined: 31 Dec 2007
MCasper's page
Posts: 25
Location: Pennsylvania


1244 Magic Points

 
Posted on Fri Feb 01, 2008 4:45 am  

The liklihood of you paying taxes on the forgiven debt is slim. You'll have to concern a tax professional to figure it out for sure, but about 95% of my client are insolvent, and are exempt from paying any income tax on the difference in their debt.

If you're insolvent it's a simple form on the IRS.gov website to file along with your taxes.
_________________
Michael Casper
Senior Debt Advisor
www.clearonedebt.com

P:(484)455-2677
F:(866)573-8632
Laura

Laura

Joined: 21 Jun 2007
Laura's page
Posts: 1327



35918 Magic Points

 
Posted on Fri Feb 01, 2008 6:09 am  

It is good that you have come out of the scam before you got ruined but remember that you should be well aware of where you are giving your money. Bankruptcy is always one option to get rid of the debt.
_________________
Regards,
Laura.
schnuckibearsmum



Joined: 23 Mar 2008
schnuckibearsmum's page
Posts: 11



439 Magic Points

 
Posted on Sun Mar 23, 2008 4:57 pm  

oh I am so happy that I took a big junk out so I don't qualify for there programm! That was easy to get out and I don't have to pay for anything!
Evn the guy I set up at the beginning was always helpfull!
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Fri Aug 08, 2008 1:00 am  

Casper what makes your clients insolvent as you say. I never even heard of paying taxes on past debt.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



436 Magic Points

 
Posted on Fri Aug 08, 2008 3:29 am  

I would like more explaination on this also if you care to expand on it please? thanks
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Sat Aug 09, 2008 12:36 am  

I only hope he comes back and explaind. Hope he wasn't a ghost and if so maybe he's friendly? lol
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



436 Magic Points

 
Posted on Sat Aug 09, 2008 6:10 pm  

Hard to say, we will just have to wait and see. Keep your fingers crossed.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Sun Aug 10, 2008 2:01 am  

I really wonderwhy someone takes the time to post a question and doesn't come back. I think most of the m are usually really legit questions that need answers. Sometimes I wonder if they just don't get confused and disgusted with the whole credit process and give up. Thats the worst thing to do.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



436 Magic Points

 
Posted on Sun Aug 10, 2008 3:49 am  

I think that if you don't book mark the site, some of them lose it too, maybe they just can't find the site again.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Tue Aug 12, 2008 5:18 pm  

I figured that one out a while ago. I always use to say "I can remember that". I made a new years resolution to quit lying to myself.
erb1953



Joined: 31 Dec 2007
erb1953's page
Posts: 547



-100 Magic Points

 
Posted on Wed Aug 13, 2008 1:39 am  

okay, if I like a site, I put it under favorites, that is easy enough to do, especially if I have to come back for an answer.
goodnatured



Joined: 03 Nov 2007
goodnatured's page
Posts: 3931



436 Magic Points

 
Posted on Wed Aug 13, 2008 4:07 am  

that is what I do too, put it under faves and then it is always right at my finger tips.
_________________
Goodnatured,
http://cashinpocket.synthasite.com/
for all the ways I make $$ online
http://www.crazymonkeygold.com/members/register.php?ref=fedupinpa
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Wed Aug 13, 2008 12:08 pm  

Thats what I do also. I also have a bookmarker at the top of my computer screen. I use it for important sites as this one. Under my favorites goes games and other not so important sites.
fireyone



Joined: 26 Feb 2008
fireyone's page
Posts: 4246



123 Magic Points

 
Posted on Thu Aug 14, 2008 1:19 pm  

Yes there actually is. The over all concept is the same but if you click on bmarks it will give you the list that you populated there. If you click on favorites you see the list of things you sent to this list. It is like having two different files.

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