is debt forgiven in chapt 7

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Tax-Wise, Debt Forgiveness Isn't So Divine - SmartMoney.com
Feb 4, 2009 . While debt forgiveness can help you survive financially, it might also . Legislation passed in 2005 made it more difficult to file for Chapter 7 .
http://www.smartmoney.com/taxes/income/the-tax-implications-of-debt-forgiveness/

What is Chapter 7 Bankruptcy? - Chapter7.Me
Are you considering filing Chapter 7 and have questions? . Although most debts are forgiven under Chapter 7 bankruptcy, there are some debts that aren't .
http://www.chapter7.me/bankruptcy-basics/overview.aspx

Chapter 11 Bankruptcy vs Chapter 7 Bankruptcy - Difference and ...
Certain debts are never (or rarely) discharged (forgiven), such as alimony, child support, student loans and taxes. Chapter 7 is the most commonly used .
http://www.diffen.com/difference/Chapter_11_Bankruptcy_vs_Chapter_7_Bankruptcy

  1. Taxes Paid When Employing a Nanny

    • Publication 908 (03/2009), Bankruptcy Tax Guide
      Do not include in income any debts canceled because of the debtor's bankruptcy. . If the debtor is an individual who files for bankruptcy under chapter 7 or 11, the . If a debt is canceled or forgiven, other than as a gift or bequest, the debtor .
      http://www.irs.gov/publications/p908/ar02.html

      Bankruptcy - An Accountants Viewpoint
      My reasons for recommending bankruptcy to clients is that under a Chapter 7 or . When bankrupt, the amount of debt forgiven reduces certain tax attributes .
      http://www.unclefed.com/AuthorsRow/GretaHicks/bankrup963.html

    Child Tax Credit or Dependent Care Account

    Employee Benefits

    Avoiding Taxes

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