How can I get rid of a few debts?

Answer Hey Rey,There are a few things you can do to get rout of debts.Get all your bills together and figure out if there is anything that you can eliminate or cut down that you do not need at the moment.... Read More »

Top Q&A For: How can I get rid of a few debts

How to Inherit Tax Debts?

Death is one way to escape taxes. It's also a way to escape debt. But it's possible that a deceased's heir could end up being responsible for inheriting tax debt left behind. If you're interested i... Read More »

What Is SOL in Debts?

In debts, the statute of limitations (SOL) is the amount of time a creditor can seek legal remedies to collect on a debt. SOL rules and regulations help to govern the practice of debt collection. S... Read More »

How do I inherit tax debts?

Complete IRS Form 706Visit the IRS website by using the link within "Resources." Click the "Estate Tax" link. Click "Refer to Form 706." Complete the pdf Form 706 directly online. Save Form 706 to ... Read More »

Tax Treatment of Bad Debts?

Bad debts are loans that are not repaid. The Internal Revenue Service allows taxpayers to take a tax deduction for the debt. As with any tax rule, there are some stipulations.