Filing an tax return is a pursuit that rolls around once a year so keeping plan requirements and guidelines is key into a successful season. Whether you are just getting started or in the center of the process here are 10 things you should know about taxation. In the above scenario, resolve saved $7,500, but the internal revenue service considers it income. If for example the amount is now finished $600, then creditor is usually send you' form 1099-C. How could it possibly be income? The irs ...