Cancellation Of Debt
Have you received a 1099-C Cancellation of Debt from a bank or other creditor? If so, the Internal Revenue Service will consider this income. If you did not claim it on your 1040 individual tax return, then odds are very likely that you will receive a notice from the IRS demanding additional taxes plus penalties and interest.
If you receive a 1099-C, do not simply give up and pay the tax and penalties. There are many instances where the cancellation of debt should not be considered income. The Scammahorn Law Firm will review the facts of your case and fight the IRS when appropriate. Let the Scammahorn Law Firm use the law in your favor and potentially save you thousands of dollars. The tax attorneys of the Scammahorn Law Firm serve individuals and businesses across the State of Texas, including Tyler, Longview, Nacogdoches, Sulphur Springs, Palestine, Dallas, Fort Worth, Abilene, Odessa, Midland, San Antonio, and Plano, Texas.
Call the Scammahorn Law Firm today at 903-595-1000 and put an end to your IRS problems.
Practice Areas
- Audit Representation
- Avoiding an IRS Audit
- Back Taxes
- Cancellation Of Debt
- Claims for Refund
- Federal Tax Liens
- Installment Agreements
- IRS Problems in Texas
- Non-Collectible Status
- Notice of Deficiency
- Offer in Compromise
- Oilfield Workers
- Paycheck Garnishment Relief
- Employer & Payroll Tax Attorney in Texas
- Personal Tax Liabilities
- Preventing Property Seizures and Levies
- Reduction or Abatement of Penalties
- Resolving Employment Tax Disputes
- Small Business and LLC Tax Services
- Substitute for Return
- Texas Tax Attorney for Levy Relief
- Tax Court
- Tax Liability Reduction
- Tax Resolution
- Unfiled Tax Returns
- Tax Resources
- Tax Debt Attorney in Texas
- IRS Audit Attorney in Texas
- Tax Debt Attorney in Dallas, TX
- IRS Tax Audit Attorney Dallas TX
- IRS Levies & Liens Attorney Dallas TX
- Dallas Tax Attorney for Contractors & 1099 Earners
- Dallas Tax Attorney for IRS Investigations