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Monday, March 05, 2012

Canceled credit card debts come back to haunt taxpayers

Billions of dollars in credit card debt that was charged off during the Great Recession— some of it decades old — is coming back to haunt borrowers in the form of unexpected tax bills.


http://www.usatoday.com/money/perfi/taxes/story/2012-03-02/irs-taxes-on-forgiven-debt/53357844/1

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