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The Law Office of James R. Monroe

Common Tax Problems and How to Solve Them

Tax problems can be overwhelming, especially when they seem to escalate quickly. From failing to file taxes to accumulating large amounts of unpaid tax debt, these issues can create significant stress and confusion, affecting both your financial stability and peace of mind.
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The Law Office of James R. Monroe

Do You Have to Pay Taxes on Canceled Debts

When it comes to managing finances, debt relief can feel like a lifeline, especially for individuals burdened with loans or credit card debt. An often-overlooked consequence of debt cancellation is the potential tax liability that comes with it.
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