Every year, the government issues a listing of tax scams. Relationships so that you is to alert taxpayers to the possible lack of merit of certain strategies as well as letting everyone know the IRS will not accept them. In previously mentioned scenario, getting . saved $7,500, but the irs considers it income. If ever the amount has finished $600, a new creditor is usually send you' form 1099-C. How has it been income? The government considers "debt forgiveness" as income. Exactly how can...