These 4 Tax Bills Can Surprise, but You Can Be Ready

Many things in life predictably come with a tax bill. But life isn’t always predictable. Here are four things that tax professionals say frequently create surprise tax bills — and how you can cope. 1. Debt forgiveness “The cancellation of debt is includable in your gross income,” says Paul La Monaca, a certified public accountant…

from NerdWallet
https://www.nerdwallet.com/blog/taxes/surprise-tax-bill/

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