How to Eliminate Taxes on Debt Forgiveness


How to handle debt forgiveness income. 

From all aspects of dealing with the 1099-C to an analysis of the new tax laws relating to home foreclosures/short sales, the information in this book will help keep the IRS from taking money on debt forgiveness “income.”

This book comes with a CD of a live seminar session.

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This product qualifies for a free phone consult with Dan Pilla.
When you purchase a qualifying product from Dan’s site,, you are eligible to get 1 FREE 15 minute phone consult with Dan Pilla to get you on the right path.* (Normally $99 per consult.)  

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A Step-by-Step Guide to Preventing and Recovering Taxes on Cancelation of Debt

It's been a number of rough years financially, but you have a plan and are working on getting debt free. It is possible that you received forgiveness of some of your high credit card debts or maybe you are finally reaching the end of a home foreclosure. You are seeing a light at the end of the high debt tunnel.

But what's this?

In the mail you receive a 1099-C saying you owe taxes on the amount of debt you were told was forgiven?

Now you owe the IRS thousands?

This happens to people more often than you would think.
What can you do? How can you get your financial life back in order?

There is hope. Dan Pilla talks with people who have been caught up in the above scenario every week. For this reason, Dan wrote the book HOW TO ELIMINATE TAXES ON DEBT FORGIVENESS.


The Bad News -  America's Financial Crisis is Taking an Unimaginable Toll
    • Since 2008, the number of consumer bankruptcies has skyrocketed
    • Americans are losing their homes more often now than at any time since the Great Depression
    • Consumer credit card debt has soared and our savings have all but disappeared
    • Businesses are failing and citizens are losing their jobs at an alarming rate
    • And despite historic low interest rates, people are defaulting on business and personal loans, credit cards, car loans, mortgages and student loans
Bankruptcies – Foreclosures – Repossessions – Defaults - Short Sales - Loan Restructurings
All of these are happening at tragically high rates —  And there's no end in sight.

As bad as these financial nightmares are, things get even worse when the IRS shows up. Home foreclosures, credit card debt forgiveness, short sales, canceled student loans, even negotiated settlements with creditors can lead to debt forgiveness income.

"What's that?" you ask. That's when you get IRS Form 1099-C saying that you actually received "income" when your debt was forgiven. So on top of all the other bad news, the IRS expects you to pay taxes on phantom income! This adds insult to your already painful financial injury and can lead to enormous tax debts, including penalties and interest. What starts out as a difficult financial situation quickly becomes an impossible one!

The Good News: Debt can be negotiated, sometimes even canceled, including
    • Credit card debt
    • Business loans
    • Personal loans
    • Hospital bills, and more

Daniel J. Pilla's HOW TO ELIMINATE TAXES ON DEBT FORGIVENESS teaches you How to avoid taxes on debt forgiveness income. He shows you how to cancel this “phantom” income.

How to Eliminate Taxes on Debt Forgiveness
Don't Pay Taxes on Cancelled Debt

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* To get your 1 free 15 minute phone consult with Dan you must order an eligible tax book, CD or DVD from the site, Once ordered, contact us (1-800-553-6458) within 90 days to set up your appointment time. Once consultation is used, product ordered no longer eligible for refund if under $75.

Weight 1 lbs
Dimensions 11 × 8.5 × .5 in




Free Consult

This product is eligible for 1 free fifteen minute phone consult with Dan Pilla when ordered from this site. Call 1-800-553-6458 within 90 days of ordering.