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How TO Eliminate Taxes on Debt Forgiveness by Dan Pilla


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

            √ Home Foreclosures               
            √ Bankruptcies                          
            √ Credit Card Debt Reduction
            √ And More                              

Don't Pay Taxes on Canceled Debt! 


ORDER NOW! $49.95 



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


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.  

"Pilla is coming to the rescue again." – Booklist 


This Manual gives you everything you need to handle debt forgiveness income, including:

  • Dan's simple analysis of little-known rules, laws and strategies for dealing with any 1099-C
  • Easy-to-understand procedures that guide you every step of the way
  • Forms, instructions and worksheets even your tax preparer probably doesn't know about
  • 7 different procedures to keep the IRS from taking money you don't owe
  • Dan's analysis of new tax laws that help in case of a home foreclosure or short sale
  • How to handle canceled student loans
  • 3 proven strategies to avoid the crushing effects of an incorrect or improper Form 1099-C
  • Even if you already paid taxes on canceled debt, you may be able to get your money back.



          Special Bonus – You also get Dan's live seminar on CD and written lecture notes that give you even more tips and
                                          strategies for keeping the IRS from hitting you with phantom income at the worst possible time. 



     James Cox, Editor-in-Chief of the Midwest Book Review, writes:

“How to Eliminate Taxes on Debt Forgiveness… is a thoroughly ‘user friendly,’ step-by-step guide…Informed, informative, and soundly based upon current tax law, and featuring an accompanying CD, is highly recommended…”

      Frankie Boyer - WBIX Radio Boston - states: "Dan's book is absolutely brilliant."  



This Manual could be the best investment you'll ever make in your financial recovery!





                                                                                                           ORDER NOW! $49.95


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