• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar

First Pro Capital Credit Consulting Experts

A Florida Boutique Firm for Business Owners
Southwest Florida: 239.260.4602
Throughout the State of Florida: 855.477.9007

  • Home
  • Services
    • Non Bank Business Loans
    • Business Credit Repair
    • Commercial Real Estate Loans
    • Credit Score
    • Personal Credit
  • About Us
    • Meet Tagrid: Your Partner in Florida Business Finance
  • Testimonials
  • Contact

insolvency

June 17, 2012 By Tagrid Shunia Leave a Comment

Foreclosures, Repossessions and Cancellation of Non-Business Debt

Written by Glen R Allie, CPA and Partner at Del Principe and Allie The tax treatment of debt cancellation will vary depending on your situation.  The cancellation of debt may result in ordinary income, income from the sale of assets, or both.  However, there are exceptions and exclusion from the possibility that income will be […]

Filed Under: Debt Solutions, Finance Products for Business Owners, Guest Bloggers Tagged With: 1099a, 1099c, cancelled debt, insolvency

Primary Sidebar

Latest Articles

  • Monitoring Your Business Credit Report is Crucial
  • Rising Business Identity Theft: AI, and Impersonation are Fueling Business Fraud
  • The Benefits of SBA Express and SBA Working Capital
  • Take Advantage of a Commercial Hard Money and Alternative Commercial Lending
  • Why Good Personal Credit is Essential for Your Business
  • The Unsettling Parallels Between Stalkers and Business Identity Thieves
  • Five Similarities SBA and Commercial Hard Money Have
  • Florida’s Free Identity Theft Recovery
  • Gaining Capital by Niche Commercial Lending
  • Do I Need to Pay Attention to My Florida Business Credit Report?
VIEW ARTICLE ARCHIVES

[footer_backtotop]

Copyright © 2026 First Pro Capital, Inc. | Privacy Policy